Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Holderness Investments Co.

Holderness Investments Co. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,509 shares of the exchange traded fund’s stock after purchasing an additional 299 shares during the period. Invesco QQQ accounts for 2.9% of Holderness Investments Co.’s portfolio, making the stock its 6th largest holding. Holderness Investments Co.’s holdings in Invesco QQQ were worth $12,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the first quarter worth $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter worth about $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Legacy Bridge LLC grew its stake in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in Invesco QQQ in the 4th quarter valued at about $35,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $482.44 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business has a 50 day moving average of $468.07 and a 200-day moving average of $458.49.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.