Peregrine Asset Advisers Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 78.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,479 shares of the exchange traded fund’s stock after buying an additional 2,416 shares during the period. Invesco QQQ comprises 1.1% of Peregrine Asset Advisers Inc.’s holdings, making the stock its 27th largest position. Peregrine Asset Advisers Inc.’s holdings in Invesco QQQ were worth $2,244,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Red Tortoise LLC grew its holdings in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial acquired a new stake in Invesco QQQ during the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the 4th quarter valued at approximately $42,000. Core Wealth Advisors Inc. increased its position in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the period. Finally, Blume Capital Management Inc. boosted its position in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Up 1.1 %
Shares of Invesco QQQ stock traded up $4.77 on Monday, hitting $440.25. 29,870,592 shares of the company’s stock traded hands, compared to its average volume of 45,728,453. Invesco QQQ has a one year low of $321.32 and a one year high of $449.34. The company has a fifty day moving average of $436.61 and a two-hundred day moving average of $413.39.
Invesco QQQ Announces Dividend
Invesco QQQ 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.
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