Sequoia Financial Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 95,153 shares of the exchange traded fund’s stock after acquiring an additional 1,012 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco QQQ were worth $46,441,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter valued at about $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ in the 1st quarter valued at about $40,000. CGC Financial Services LLC grew its position in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its position in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 0.1 %
Shares of QQQ opened at $495.96 on Wednesday. The firm has a 50-day moving average price of $479.23 and a 200 day moving average price of $465.96. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.
Invesco QQQ Cuts 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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