Evoke Wealth LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 97.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 459 shares of the exchange traded fund's stock after selling 17,059 shares during the period. Evoke Wealth LLC's holdings in Invesco QQQ were worth $220,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ in the 1st quarter worth about $29,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $30,000. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund's stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
QQQ traded down $0.92 during trading on Friday, hitting $482.44. The company's stock had a trading volume of 34,577,663 shares, compared to its average volume of 40,299,180. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock's fifty day moving average price is $468.07 and its 200-day moving average price is $458.49.
Invesco QQQ Profile
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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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