Ballast Inc. purchased a new stake in Invesco QQQ (NASDAQ:QQQ – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 677 shares of the exchange traded fund’s stock, valued at approximately $330,000.
Other hedge funds have also recently bought and sold shares of the company. Atwater Malick LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth about $293,000. Westwood Holdings Group Inc. lifted its position in shares of Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares in the last quarter. GenWealth Group Inc. grew its holdings in Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Socha Financial Group LLC lifted its holdings in Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC grew its stake in shares of Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Price Performance
Shares of QQQ opened at $491.25 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The stock has a 50-day moving average price of $476.80 and a 200 day moving average price of $464.48.
Invesco QQQ Cuts Dividend
About Invesco QQQ
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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