Mengis Capital Management Inc. purchased a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 660 shares of the exchange traded fund’s stock, valued at approximately $236,000.
A number of other hedge funds also recently made changes to their positions in QQQ. Avalon Trust Co acquired a new position in Invesco QQQ Trust in the second quarter worth approximately $28,000. VisionPoint Advisory Group LLC acquired a new position in Invesco QQQ Trust in the second quarter worth approximately $36,000. Russell Investments Group Ltd. acquired a new position in Invesco QQQ Trust in the second quarter worth approximately $44,000. Blume Capital Management Inc. grew its position in Invesco QQQ Trust by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the last quarter. Finally, Investors Research Corp grew its position in Invesco QQQ Trust by 83.5% in the second quarter. Investors Research Corp now owns 156 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 71 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.
Invesco QQQ Trust Trading Down 0.4 %
NASDAQ QQQ traded down $1.71 on Monday, hitting $435.34. 32,724,507 shares of the stock were exchanged, compared to its average volume of 44,705,195. Invesco QQQ Trust has a 52-week low of $285.19 and a 52-week high of $439.14. The company’s 50-day moving average price is $410.75 and its two-hundred day moving average price is $384.35.
Invesco QQQ Trust Announces Dividend
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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