Shares of Invesco QQQ (NASDAQ:QQQ – Get Free Report) were up 0.8% during trading on Friday . The stock traded as high as $518.41 and last traded at $518.29. Approximately 15,174,751 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 37,155,430 shares. The stock had previously closed at $514.17.
Invesco QQQ Stock Up 0.9 %
The company’s 50 day simple moving average is $507.24 and its 200 day simple moving average is $486.46.
Institutional Trading of Invesco QQQ
Several hedge funds and other institutional investors have recently bought and sold shares of QQQ. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at $30,000. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $62,000. Bray Capital Advisors grew its stake in shares of Invesco QQQ by 78.0% during the 2nd quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 64 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
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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