Moody National Bank Trust Division purchased a new stake in Invesco QQQ (NASDAQ:QQQ – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 423 shares of the exchange traded fund’s stock, valued at approximately $203,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $28,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $29,000. Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $35,000. Finally, Red Tortoise LLC raised its stake in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded up $4.16 during trading hours on Tuesday, hitting $439.53. 62,390,047 shares of the company were exchanged, compared to its average volume of 41,110,766. The business has a 50-day moving average of $474.70 and a 200-day moving average of $449.92. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.
Invesco QQQ Increases 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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