Baugh & Associates LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 19.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 768 shares of the exchange traded fund’s stock after buying an additional 124 shares during the quarter. Baugh & Associates LLC’s holdings in Invesco QQQ were worth $341,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Summit X LLC increased its holdings in Invesco QQQ by 0.4% in the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after acquiring an additional 24 shares during the last quarter. IMA Wealth Inc. increased its position in Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 25 shares during the last quarter. S.A. Mason LLC boosted its stake in shares of Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC raised its position in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares during the period. Finally, Cedrus LLC lifted its stake in Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Trading Up 0.1 %
Shares of QQQ traded up $0.34 during mid-day trading on Friday, reaching $481.95. 19,579,427 shares of the company’s stock traded hands, compared to its average volume of 40,938,879. The stock’s 50-day moving average is $452.40 and its two-hundred day moving average is $435.37. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $487.20.
Invesco QQQ Increases 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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