First Heartland Consultants Inc. trimmed its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ – Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,907 shares of the exchange traded fund’s stock after selling 8,806 shares during the quarter. Invesco QQQ Trust comprises about 2.3% of First Heartland Consultants Inc.’s holdings, making the stock its 4th largest position. First Heartland Consultants Inc.’s holdings in Invesco QQQ Trust were worth $18,955,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avalon Trust Co bought a new stake in Invesco QQQ Trust in the second quarter valued at $28,000. VisionPoint Advisory Group LLC purchased a new position in shares of Invesco QQQ Trust in the 2nd quarter worth about $36,000. Russell Investments Group Ltd. purchased a new position in Invesco QQQ Trust in the 2nd quarter worth about $44,000. Blume Capital Management Inc. raised its position in Invesco QQQ Trust by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the last quarter. Finally, Investors Research Corp raised its position in Invesco QQQ Trust by 83.5% in the 2nd quarter. Investors Research Corp now owns 156 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 71 shares during the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Trust Price Performance
NASDAQ:QQQ traded down $1.60 during mid-day trading on Monday, reaching $435.45. The company’s stock had a trading volume of 23,215,182 shares, compared to its average volume of 44,286,090. Invesco QQQ Trust has a 12-month low of $285.19 and a 12-month high of $439.14. The firm’s fifty day moving average price is $410.75 and its two-hundred day moving average price is $384.35.
Invesco QQQ Trust Dividend Announcement
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.
- Five stocks we like better than Invesco QQQ Trust
- How to Invest in Grocery Stores
- 3 attractive stocks that insiders are buying
- Stock Dividend Cuts Happen Are You Ready?
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.