United Capital Management of KS Inc. lifted its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,735 shares of the exchange traded fund’s stock after purchasing an additional 1,055 shares during the period. Invesco QQQ Trust accounts for about 3.1% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 4th biggest holding. United Capital Management of KS Inc.’s holdings in Invesco QQQ Trust were worth $4,113,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Macroview Investment Management LLC lifted its stake in shares of Invesco QQQ Trust by 112.7% in the 2nd 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 during the last quarter. Farmers National Bank acquired a new stake in shares of Invesco QQQ Trust in the 1st quarter valued at $28,000. Larson Financial Group LLC bought a new position in Invesco QQQ Trust in the 2nd quarter worth $29,000. Crosspoint Capital Strategies LLC bought a new position in Invesco QQQ Trust in the 1st quarter worth $43,000. Finally, St. Johns Investment Management Company LLC bought a new position in Invesco QQQ Trust in the 1st quarter worth $61,000. 41.21% of the stock is owned by institutional investors and hedge funds.
QQQ traded up $1.23 during trading on Tuesday, hitting $181.96. The stock had a trading volume of 2,831,373 shares, compared to its average volume of 26,320,026. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $195.55. The company has a 50 day simple moving average of $190.35.
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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