Luken Investment Analytics LLC lowered its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 21.9% in the second quarter, HoldingsChannel reports. The firm owned 56,006 shares of the exchange traded fund’s stock after selling 15,736 shares during the period. Invesco QQQ makes up about 11.6% of Luken Investment Analytics LLC’s portfolio, making the stock its 3rd biggest holding. Luken Investment Analytics LLC’s holdings in Invesco QQQ were worth $20,690,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Ironwood Wealth Management LLC. lifted its position in shares of Invesco QQQ by 7.4% during the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after purchasing an additional 381 shares in the last quarter. Axiom Financial Strategies LLC raised its holdings in Invesco QQQ by 11.6% in the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 85 shares in the last quarter. Roundview Capital LLC increased its stake in Invesco QQQ by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after purchasing an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Invesco QQQ by 11.2% in the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 278 shares during the last quarter. Finally, Covestor Ltd increased its stake in Invesco QQQ by 309.2% in the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.
Invesco QQQ Stock Performance
Invesco QQQ stock traded down $0.16 during mid-day trading on Monday, hitting $370.65. The company had a trading volume of 6,707,118 shares, compared to its average volume of 53,449,273. The business has a fifty day moving average of $373.20 and a 200 day moving average of $348.47. Invesco QQQ has a 1 year low of $254.26 and a 1 year high of $387.98.
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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