EMC Capital Management raised its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 86.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,946 shares of the exchange traded fund’s stock after acquiring an additional 19,033 shares during the period. Invesco QQQ comprises about 11.8% of EMC Capital Management’s investment portfolio, making the stock its 2nd largest holding. EMC Capital Management’s holdings in Invesco QQQ were worth $20,933,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Invesco QQQ by 332.0% during the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after purchasing an additional 9,254 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at $104,000. Heritage Wealth Management Inc. acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at $290,000. Anchor Investment Management LLC raised its position in shares of Invesco QQQ by 1.9% during the second quarter. Anchor Investment Management LLC now owns 42,196 shares of the exchange traded fund’s stock worth $20,216,000 after acquiring an additional 786 shares during the last quarter. Finally, Alternative Investment Advisors LLC. bought a new position in Invesco QQQ in the second quarter valued at about $443,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 0.4 %
Shares of QQQ stock opened at $523.05 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock has a 50-day moving average price of $518.86 and a 200 day moving average price of $493.75.
Invesco QQQ Announces Dividend
Invesco QQQ 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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