Thrivent Financial for Lutherans Raises Position in Invesco QQQ (NASDAQ:QQQ)

Thrivent Financial for Lutherans raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 101.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,255 shares of the exchange traded fund’s stock after buying an additional 104,797 shares during the period. Thrivent Financial for Lutherans’ holdings in Invesco QQQ were worth $99,778,000 at the end of the most recent reporting period.

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

Invesco QQQ Trading Down 0.2 %

NASDAQ:QQQ opened at $482.44 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The firm’s fifty day simple moving average is $468.07 and its 200 day simple moving average is $458.49.

Invesco QQQ Company 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.