Joel Isaacson & Co. LLC reduced its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,979 shares of the exchange traded fund’s stock after selling 204 shares during the period. Joel Isaacson & Co. LLC’s holdings in Invesco QQQ Trust were worth $1,507,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Macroview Investment Management LLC increased its stake in Invesco QQQ Trust by 112.7% in the second quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 1,200 shares in the last quarter. Larson Financial Group LLC bought a new stake in Invesco QQQ Trust in the second quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Invesco QQQ Trust in the second quarter valued at $44,000. Prestige Wealth Management Group LLC bought a new stake in Invesco QQQ Trust in the second quarter valued at $68,000. Finally, Lenox Wealth Management Inc. increased its stake in Invesco QQQ Trust by 33.8% in the second quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock valued at $88,000 after purchasing an additional 120 shares in the last quarter. 45.92% of the stock is owned by hedge funds and other institutional investors.
QQQ traded down $0.92 during midday trading on Wednesday, hitting $192.60. The company had a trading volume of 339,149 shares, compared to its average volume of 31,068,122. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $195.55. The stock’s 50 day moving average price is $189.27 and its 200 day moving average price is $186.80.
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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