Professional Financial Advisors LLC lessened its position in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 80.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 365 shares of the exchange traded fund’s stock after selling 1,473 shares during the period. Professional Financial Advisors LLC’s holdings in Invesco QQQ Trust were worth $132,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Regency Capital Management Inc. DE purchased a new stake in shares of Invesco QQQ Trust in the fourth quarter worth about $27,000. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Invesco QQQ Trust in the fourth quarter worth about $29,000. William Allan LLC acquired a new position in shares of Invesco QQQ Trust in the fourth quarter worth about $36,000. Arcadia Investment Management Corp MI purchased a new position in Invesco QQQ Trust in the first quarter valued at about $36,000. Finally, Aquire Wealth Advisors LLC purchased a new position in Invesco QQQ Trust in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 42.74% of the company’s stock.
Invesco QQQ Trust Trading Up 0.3 %
QQQ traded up $0.92 on Thursday, reaching $307.73. The company’s stock had a trading volume of 2,566,488 shares, compared to its average volume of 77,016,773. The business’s 50 day moving average is $292.46 and its 200 day moving average is $325.55. Invesco QQQ Trust has a 1 year low of $269.28 and a 1 year high of $408.71.
Invesco QQQ Trust Increases 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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