Rockland Trust Co. Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Rockland Trust Co. lowered its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 10.1% during the 1st quarter, Holdings Channel reports. The firm owned 1,790 shares of the exchange traded fund’s stock after selling 200 shares during the period. Rockland Trust Co.’s holdings in Invesco QQQ were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its position in shares of Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after buying an additional 433,317 shares during the last quarter. Comerica Bank purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at $140,657,000. Granite Bay Wealth Management LLC lifted its position in shares of Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after buying an additional 378,922 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in Invesco QQQ by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after purchasing an additional 367,317 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $480.18 on Friday. The stock’s 50-day simple moving average is $449.49 and its 200 day simple moving average is $433.51. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $486.86.

Invesco QQQ Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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