Callan Capital LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 11.6% during the second quarter, HoldingsChannel reports. The firm owned 3,508 shares of the exchange traded fund’s stock after buying an additional 365 shares during the quarter. Callan Capital LLC’s holdings in Invesco QQQ were worth $1,681,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ in the 1st quarter valued at $29,000. Legacy Bridge LLC boosted its stake in Invesco QQQ by 800.0% in the 1st 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 period. Finally, Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock opened at $483.36 on Friday. The stock’s 50-day moving average is $468.32 and its 200-day moving average is $458.07. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.
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.
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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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