Patrick M Sweeney & Associates Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,870 shares of the exchange traded fund’s stock, valued at approximately $1,585,000. Invesco QQQ comprises about 1.4% of Patrick M Sweeney & Associates Inc.’s holdings, making the stock its 16th biggest holding.
Other institutional investors and hedge funds have also bought and sold shares of the company. IMA Wealth Inc. grew its stake in shares of Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 25 shares in the last quarter. S.A. Mason LLC raised its stake in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC lifted its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares in the last quarter. Cedrus LLC increased its stake in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after buying an additional 25 shares during the period. Finally, Waterfront Wealth Inc. boosted its position in Invesco QQQ by 3.1% in the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after buying an additional 25 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Trading Down 0.1 %
NASDAQ QQQ traded down $0.26 during trading hours on Wednesday, reaching $440.06. 24,578,553 shares of the company traded hands, compared to its average volume of 45,326,637. Invesco QQQ has a 12 month low of $321.32 and a 12 month high of $449.34. The company has a 50 day moving average of $436.66 and a two-hundred day moving average of $414.00.
Invesco QQQ Announces Dividend
Invesco QQQ 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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