US Bancorp DE grew its position in Invesco QQQ Trust (NASDAQ:QQQ) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,217,939 shares of the exchange traded fund’s stock after purchasing an additional 30,967 shares during the period. US Bancorp DE owned approximately 0.32% of Invesco QQQ Trust worth $227,440,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Macroview Investment Management LLC lifted its stake in shares of Invesco QQQ Trust by 112.7% in the 2nd quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 1,200 shares during the period. Farmers National Bank acquired a new stake in Invesco QQQ Trust during the first quarter valued at approximately $28,000. Larson Financial Group LLC acquired a new stake in Invesco QQQ Trust during the second quarter valued at approximately $29,000. Crosspoint Capital Strategies LLC acquired a new stake in Invesco QQQ Trust during the first quarter valued at approximately $43,000. Finally, Lenox Wealth Management Inc. lifted its stake in Invesco QQQ Trust by 33.8% during the second quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock valued at $88,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 45.92% of the company’s stock.
QQQ stock traded down $0.53 on Friday, hitting $192.70. 1,891,077 shares of the company’s stock traded hands, compared to its average volume of 27,318,550. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $195.55. The stock has a fifty day moving average of $188.07 and a 200-day moving average of $184.50.
About Invesco QQQ Trust
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.
See Also: Earnings Per Share (EPS)
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