NSI Retail Advisors LLC grew its position in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 326,679 shares of the exchange traded fund’s stock after buying an additional 48,692 shares during the quarter. Invesco QQQ Trust accounts for 20.9% of NSI Retail Advisors LLC’s holdings, making the stock its largest holding. NSI Retail Advisors LLC owned about 0.06% of Invesco QQQ Trust worth $129,969,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of QQQ. Sovereign Financial Group Inc. raised its position in shares of Invesco QQQ Trust by 4.0% in the 3rd quarter. Sovereign Financial Group Inc. now owns 11,382 shares of the exchange traded fund’s stock worth $4,074,000 after acquiring an additional 436 shares in the last quarter. Well Done LLC increased its position in Invesco QQQ Trust by 61.6% during the 4th quarter. Well Done LLC now owns 6,293 shares of the exchange traded fund’s stock valued at $2,504,000 after buying an additional 2,400 shares in the last quarter. First National Corp MA ADV increased its position in Invesco QQQ Trust by 12.6% during the 3rd quarter. First National Corp MA ADV now owns 10,759 shares of the exchange traded fund’s stock valued at $3,851,000 after buying an additional 1,203 shares in the last quarter. Garrett Investment Advisors LLC acquired a new position in Invesco QQQ Trust during the 4th quarter valued at about $267,000. Finally, AAFMAA Wealth Management & Trust LLC acquired a new position in Invesco QQQ Trust during the 4th quarter valued at about $5,968,000. Institutional investors and hedge funds own 42.74% of the company’s stock.
Shares of QQQ stock traded down $16.82 during mid-day trading on Thursday, reaching $312.78. The stock had a trading volume of 11,352,977 shares, compared to its average volume of 75,849,640. The business’s fifty day moving average is $341.74 and its 200-day moving average is $366.25. Invesco QQQ Trust has a 1-year low of $309.64 and a 1-year high of $408.71.
Invesco QQQ Trust Profile (Get Rating)
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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