Cypress Capital Management LLC cut its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 17.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,463 shares of the exchange traded fund’s stock after selling 737 shares during the period. Cypress Capital Management LLC’s holdings in Invesco QQQ Trust were worth $1,105,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. FMR LLC lifted its position in shares of Invesco QQQ Trust by 4.4% in the 1st quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock worth $28,000,000 after purchasing an additional 6,637 shares during the period. FWL Investment Management LLC bought a new stake in shares of Invesco QQQ Trust in the 4th quarter valued at $274,000. Intelligence Driven Advisers LLC increased its stake in Invesco QQQ Trust by 6.4% during the 4th quarter. Intelligence Driven Advisers LLC now owns 1,980 shares of the exchange traded fund’s stock valued at $621,000 after purchasing an additional 119 shares in the last quarter. Eagle Capital Management LLC increased its stake in Invesco QQQ Trust by 0.4% during the 4th quarter. Eagle Capital Management LLC now owns 72,646 shares of the exchange traded fund’s stock valued at $22,792,000 after purchasing an additional 300 shares in the last quarter. Finally, Ironwood Wealth Management LLC. increased its stake in Invesco QQQ Trust by 5.9% during the 4th quarter. Ironwood Wealth Management LLC. now owns 4,516 shares of the exchange traded fund’s stock valued at $1,417,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 45.52% of the company’s stock.
Shares of NASDAQ QQQ traded up $0.18 during trading on Friday, hitting $340.53. The stock had a trading volume of 1,087,011 shares, compared to its average volume of 45,938,555. Invesco QQQ Trust has a 12 month low of $231.47 and a 12 month high of $342.80. The company’s fifty day moving average price is $333.17.
Invesco QQQ Trust Company 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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