Invesco QQQ (NASDAQ:QQQ - Get Free Report) was up 0.8% during mid-day trading on Friday . The company traded as high as $518.41 and last traded at $518.29. Approximately 15,174,751 shares changed hands during trading, a decline of 59% from the average daily volume of 37,155,430 shares. The stock had previously closed at $514.17.
Invesco QQQ Trading Up 0.9 %
The business's fifty day moving average price is $506.74 and its 200-day moving average price is $485.78.
Institutional Trading of Invesco QQQ
Several institutional investors and hedge funds have recently modified their holdings of the stock. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter worth about $30,000. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new stake in Invesco QQQ during the third quarter worth $62,000. Bray Capital Advisors grew its stake in Invesco QQQ by 78.0% in the 2nd quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund's stock valued at $70,000 after purchasing an additional 64 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock valued at $71,000 after purchasing an additional 63 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Company Profile
(
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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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