Mirador Capital Partners LP acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,793 shares of the exchange traded fund’s stock, valued at approximately $2,339,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $29,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter worth approximately $30,000. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the 4th quarter worth $35,000. Finally, Chelsea Counsel Co. acquired a new position in Invesco QQQ in the 1st quarter valued at $40,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Shares of QQQ traded up $5.73 during trading hours on Friday, hitting $487.32. 30,744,909 shares of the company were exchanged, compared to its average volume of 39,685,844. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The firm’s fifty day moving average is $469.56 and its 200 day moving average is $461.52.
Invesco QQQ Cuts Dividend
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.
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