Cheviot Value Management LLC Buys 64 Shares of Invesco QQQ (NASDAQ:QQQ)

Cheviot Value Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,390 shares of the exchange traded fund’s stock after buying an additional 64 shares during the period. Invesco QQQ makes up about 1.2% of Cheviot Value Management LLC’s investment portfolio, making the stock its 24th largest holding. Cheviot Value Management LLC’s holdings in Invesco QQQ were worth $5,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Atwater Malick LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth $293,000. Westwood Holdings Group Inc. raised its holdings in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares during the period. GenWealth Group Inc. raised its holdings in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares during the period. Socha Financial Group LLC raised its holdings in Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares during the period. Finally, SVB Wealth LLC raised its holdings in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.3 %

Shares of QQQ stock opened at $483.04 on Tuesday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The stock’s 50-day moving average price is $467.81 and its 200-day moving average price is $458.89.

About Invesco QQQ

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.