BFI Infinity Ltd. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 31.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 514 shares of the exchange traded fund’s stock after selling 234 shares during the period. BFI Infinity Ltd.’s holdings in Invesco QQQ were worth $284,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $41,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Price Performance
QQQ stock opened at $600.37 on Wednesday. The stock’s fifty day simple moving average is $577.51 and its two-hundred day simple moving average is $529.57. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $602.87.
Invesco QQQ Increases Dividend
Invesco QQQ 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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