Delta Investment Management LLC increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 34.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,096 shares of the exchange traded fund’s stock after purchasing an additional 5,869 shares during the quarter. Invesco QQQ Trust makes up approximately 2.3% of Delta Investment Management LLC’s investment portfolio, making the stock its 10th largest position. Delta Investment Management LLC’s holdings in Invesco QQQ Trust were worth $4,360,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Macroview Investment Management LLC increased its position in shares of Invesco QQQ Trust by 112.7% during the second quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 1,200 shares in the last quarter. Bourgeon Capital Management LLC purchased a new stake in Invesco QQQ Trust in the 3rd quarter valued at $28,000. Larson Financial Group LLC purchased a new stake in Invesco QQQ Trust in the 2nd quarter valued at $29,000. Financial Advantage Inc. purchased a new stake in Invesco QQQ Trust in the 3rd quarter valued at $33,000. Finally, KCS Wealth Advisory purchased a new stake in Invesco QQQ Trust in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.
Shares of NASDAQ:QQQ opened at $201.23 on Friday. The business has a fifty day moving average of $192.35 and a two-hundred day moving average of $188.20. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $201.72.
Invesco QQQ Trust 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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