Telemus Capital LLC decreased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,678 shares of the exchange traded fund’s stock after selling 115 shares during the period. Telemus Capital LLC’s holdings in Invesco QQQ Trust were worth $2,601,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Providence First Trust Co acquired a new position in Invesco QQQ Trust during the 3rd quarter worth approximately $41,000. Hoese & Co LLP grew its holdings in shares of Invesco QQQ Trust by 153.8% in the 3rd quarter. Hoese & Co LLP now owns 165 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 100 shares during the period. GoalVest Advisory LLC grew its holdings in shares of Invesco QQQ Trust by 168.3% in the 4th quarter. GoalVest Advisory LLC now owns 169 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 106 shares during the period. Surevest LLC grew its holdings in shares of Invesco QQQ Trust by 60.2% in the 3rd quarter. Surevest LLC now owns 213 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 80 shares during the period. Finally, Syverson Strege & Co grew its holdings in shares of Invesco QQQ Trust by 140.6% in the 2nd quarter. Syverson Strege & Co now owns 243 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 43.08% of the company’s stock.
Invesco QQQ Trust Stock Performance
QQQ opened at $305.36 on Friday. The stock’s 50 day simple moving average is $294.12 and its 200 day simple moving average is $284.38. Invesco QQQ Trust has a 1-year low of $254.26 and a 1-year high of $371.83.
About Invesco QQQ Trust
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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