Nwam LLC trimmed its position in Invesco QQQ Trust (NASDAQ:QQQ) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,878 shares of the exchange traded fund’s stock after selling 2,218 shares during the quarter. Invesco QQQ Trust makes up 1.9% of Nwam LLC’s investment portfolio, making the stock its 7th largest position. Nwam LLC’s holdings in Invesco QQQ Trust were worth $10,173,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Lumbard & Kellner LLC acquired a new stake in shares of Invesco QQQ Trust in the 1st quarter valued at $5,719,000. Financial Insights Inc. raised its stake in Invesco QQQ Trust by 14.0% during the 1st quarter. Financial Insights Inc. now owns 1,906 shares of the exchange traded fund’s stock worth $361,000 after acquiring an additional 234 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in Invesco QQQ Trust during the 1st quarter worth $2,247,000. Princeton Global Asset Management LLC acquired a new stake in Invesco QQQ Trust during the 1st quarter worth $232,000. Finally, Redhawk Wealth Advisors Inc. raised its stake in Invesco QQQ Trust by 17.7% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,489 shares of the exchange traded fund’s stock worth $806,000 after acquiring an additional 675 shares in the last quarter. Institutional investors and hedge funds own 45.92% of the company’s stock.
NASDAQ:QQQ traded up $2.22 during midday trading on Tuesday, hitting $193.31. 1,148,884 shares of the company were exchanged, compared to its average volume of 31,068,122. The company has a fifty day simple moving average of $189.03 and a 200 day simple moving average of $186.72. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $195.55.
Invesco QQQ Trust 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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