D. Scott Neal Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 194.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,151 shares of the exchange traded fund’s stock after purchasing an additional 33,807 shares during the quarter. Invesco QQQ comprises approximately 13.7% of D. Scott Neal Inc.’s holdings, making the stock its biggest holding. D. Scott Neal Inc.’s holdings in Invesco QQQ were worth $24,545,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ during the first quarter worth approximately $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the 1st quarter valued at $29,000. Legacy Bridge LLC raised its position in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $35,000. Finally, Red Tortoise LLC boosted its position in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded up $0.97 during mid-day trading on Monday, hitting $451.38. 27,729,240 shares of the company traded hands, compared to its average volume of 41,113,539. The firm’s 50 day simple moving average is $473.79 and its 200 day simple moving average is $450.49. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.
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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