DeDora Capital Inc. cut its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,137 shares of the exchange traded fund’s stock after selling 128 shares during the period. Invesco QQQ Trust comprises about 3.4% of DeDora Capital Inc.’s investment portfolio, making the stock its 4th biggest holding. DeDora Capital Inc.’s holdings in Invesco QQQ Trust were worth $4,881,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Macroview Investment Management LLC boosted its stake in Invesco QQQ Trust by 112.7% in the second quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 1,200 shares during the period. Farmers National Bank bought a new stake in shares of Invesco QQQ Trust during the first quarter valued at approximately $28,000. Larson Financial Group LLC bought a new stake in shares of Invesco QQQ Trust during the second quarter valued at approximately $29,000. Crosspoint Capital Strategies LLC bought a new stake in shares of Invesco QQQ Trust during the first quarter valued at approximately $43,000. Finally, Lenox Wealth Management Inc. raised its holdings in shares of Invesco QQQ Trust by 33.8% during the second quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock valued at $88,000 after buying an additional 120 shares during the last quarter. Institutional investors own 45.92% of the company’s stock.
Shares of QQQ traded down $0.15 during mid-day trading on Friday, reaching $193.08. 865,157 shares of the company’s stock traded hands, compared to its average volume of 27,318,550. The business’s 50-day moving average price is $188.07 and its 200-day moving average price is $184.50. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $195.55.
About Invesco QQQ Trust
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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