Summa Corp. acquired a new position in Invesco QQQ (NASDAQ:QQQ – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 575 shares of the exchange traded fund’s stock, valued at approximately $235,000.
Several other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after acquiring an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after acquiring an additional 162,691 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Invesco QQQ by 2.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after acquiring an additional 43,000 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded up $1.04 during trading on Friday, hitting $442.06. The stock had a trading volume of 26,967,244 shares, compared to its average volume of 44,901,398. The stock has a 50 day simple moving average of $436.80 and a 200 day simple moving average of $414.37. Invesco QQQ has a 1 year low of $322.94 and a 1 year high of $449.34.
Invesco QQQ Dividend Announcement
Invesco QQQ 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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