M&R Capital Management Inc. Takes $145,000 Position in Invesco QQQ Trust (NASDAQ:QQQ)

M&R Capital Management Inc. bought a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 545 shares of the exchange traded fund’s stock, valued at approximately $145,000.

Several other hedge funds have also recently made changes to their positions in the business. Providence First Trust Co purchased a new stake in Invesco QQQ Trust in the third quarter worth $41,000. Hoese & Co LLP grew its stake in Invesco QQQ Trust by 153.8% in the third quarter. Hoese & Co LLP now owns 165 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 100 shares during the period. GoalVest Advisory LLC grew its stake in Invesco QQQ Trust by 168.3% in the fourth quarter. GoalVest Advisory LLC now owns 169 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 106 shares during the period. Surevest LLC grew its stake in Invesco QQQ Trust by 60.2% in the third quarter. Surevest LLC now owns 213 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 80 shares during the period. Finally, Syverson Strege & Co grew its stake in Invesco QQQ Trust by 140.6% in the second quarter. Syverson Strege & Co now owns 243 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 142 shares during the period. 43.08% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trust Stock Down 0.5 %

Shares of QQQ stock opened at $305.36 on Friday. The business’s fifty day moving average is $294.12 and its 200 day moving average is $284.38. Invesco QQQ Trust has a twelve month low of $254.26 and a twelve month high of $371.83.

Invesco QQQ Trust Company Profile

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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.