Harbor Asset Planning Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,112 shares of the exchange traded fund’s stock, valued at approximately $614,000.
Several other hedge funds have also added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC lifted its holdings in Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $2,775,904,000. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $463,293,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
NASDAQ:QQQ opened at $599.99 on Friday. The stock has a 50 day simple moving average of $586.71 and a 200 day simple moving average of $539.38. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.
Invesco QQQ Increases Dividend
About Invesco QQQ
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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