Invesco QQQ Trust (QQQ) is Csenge Advisory Group’s 3rd Largest Position
Csenge Advisory Group lowered its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,836 shares of the exchange traded fund’s stock after selling 8,282 shares during the quarter. Invesco QQQ Trust makes up 8.6% of Csenge Advisory Group’s investment portfolio, making the stock its 3rd largest holding. Csenge Advisory Group’s holdings in Invesco QQQ Trust were worth $25,123,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stony Point Wealth Management Inc. grew its stake in Invesco QQQ Trust by 9.5% during the 1st quarter. Stony Point Wealth Management Inc. now owns 59,238 shares of the exchange traded fund’s stock valued at $10,643,000 after acquiring an additional 5,144 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new position in Invesco QQQ Trust during the 1st quarter valued at about $379,000. Providence Wealth Advisors LLC grew its stake in Invesco QQQ Trust by 7.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 14,332 shares of the exchange traded fund’s stock valued at $2,602,000 after acquiring an additional 970 shares in the last quarter. First Manhattan Co. grew its stake in Invesco QQQ Trust by 8.3% during the 4th quarter. First Manhattan Co. now owns 6,929 shares of the exchange traded fund’s stock valued at $1,069,000 after acquiring an additional 530 shares in the last quarter. Finally, Whitnell & Co. grew its stake in Invesco QQQ Trust by 306.1% during the 4th quarter. Whitnell & Co. now owns 796 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 600 shares in the last quarter. 44.15% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:QQQ opened at $179.95 on Tuesday. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $191.32.
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Invesco QQQ Trust Company 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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