Raymond James Trust N.A. lifted its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 9.6% during the second quarter, HoldingsChannel reports. The fund owned 33,281 shares of the exchange traded fund’s stock after purchasing an additional 2,927 shares during the quarter. Raymond James Trust N.A.’s holdings in Invesco QQQ were worth $15,945,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the first quarter worth $28,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ in the first quarter worth $29,000. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ in the fourth quarter worth $35,000. Finally, Robinson Capital Management LLC bought a new stake in Invesco QQQ in the fourth quarter worth $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 1.1 %
NASDAQ:QQQ traded up $5.15 during trading hours on Friday, reaching $480.00. The company’s stock had a trading volume of 36,061,508 shares, compared to its average volume of 40,708,035. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s 50-day moving average is $475.08 and its 200-day moving average is $453.77.
Invesco QQQ Increases 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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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