Bangor Savings Bank Has $389,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Bangor Savings Bank raised its stake in Invesco QQQ (NASDAQ:QQQ) by 29.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 875 shares of the exchange traded fund’s stock after buying an additional 200 shares during the quarter. Bangor Savings Bank’s holdings in Invesco QQQ were worth $389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Ameriprise Financial Inc. grew its position in Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after acquiring an additional 162,691 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its position in Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after acquiring an additional 433,317 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Invesco QQQ by 15.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,458,165 shares of the exchange traded fund’s stock worth $597,148,000 after acquiring an additional 194,381 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $480.18 on Monday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $486.86. The stock’s fifty day simple moving average is $449.49 and its 200 day simple moving average is $433.85.

Invesco QQQ 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.