Luken Investment Analytics LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 21.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,006 shares of the exchange traded fund’s stock after selling 15,736 shares during the period. Invesco QQQ comprises 11.6% of Luken Investment Analytics LLC’s investment portfolio, making the stock its 3rd biggest position. Luken Investment Analytics LLC’s holdings in Invesco QQQ were worth $20,690,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its holdings in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares during the period. Morgan Stanley grew its position in shares of Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares in the last quarter. Kensington Asset Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter worth $342,079,000. Money Concepts Capital Corp lifted its holdings in shares of Invesco QQQ by 971.1% during the 1st quarter. Money Concepts Capital Corp now owns 951,023 shares of the exchange traded fund’s stock worth $10,353,000 after acquiring an additional 862,236 shares during the last quarter. Finally, Natixis bought a new stake in shares of Invesco QQQ during the 4th quarter worth $228,207,000. 43.95% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded down $0.16 during mid-day trading on Monday, reaching $370.65. 6,707,118 shares of the company were exchanged, compared to its average volume of 53,449,273. Invesco QQQ has a 52 week low of $254.26 and a 52 week high of $387.98. The company’s 50 day moving average price is $373.20 and its 200 day moving average price is $348.47.
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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