Northwest Bank & Trust Co Invests $66,000 in Invesco QQQ (NASDAQ:QQQ)

Northwest Bank & Trust Co bought a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 160 shares of the exchange traded fund’s stock, valued at approximately $66,000.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Deutsche Bank AG increased its stake in Invesco QQQ by 918.2% during the 3rd quarter. Deutsche Bank AG now owns 52,224 shares of the exchange traded fund’s stock valued at $18,710,000 after purchasing an additional 47,095 shares in the last quarter. QRG Capital Management Inc. bought a new stake in Invesco QQQ during the 3rd quarter valued at about $1,950,000. Robertson Stephens Wealth Management LLC increased its stake in Invesco QQQ by 3.0% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 16,228 shares of the exchange traded fund’s stock valued at $5,823,000 after purchasing an additional 468 shares in the last quarter. Alterna Wealth Management Inc. increased its stake in Invesco QQQ by 1.9% during the 3rd quarter. Alterna Wealth Management Inc. now owns 4,049 shares of the exchange traded fund’s stock valued at $1,451,000 after purchasing an additional 74 shares in the last quarter. Finally, Glenview Trust co increased its stake in Invesco QQQ by 30.3% during the 3rd quarter. Glenview Trust co now owns 3,871 shares of the exchange traded fund’s stock valued at $1,387,000 after purchasing an additional 901 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.5 %

NASDAQ:QQQ traded up $2.47 on Friday, reaching $479.19. 23,372,620 shares of the stock traded hands, compared to its average volume of 28,164,470. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $479.26. The company’s fifty day simple moving average is $445.24 and its 200 day simple moving average is $430.19.

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.