Alaethes Wealth LLC Buys 799 Shares of Invesco QQQ (NASDAQ:QQQ)

Alaethes Wealth LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 149.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,334 shares of the exchange traded fund’s stock after buying an additional 799 shares during the quarter. Alaethes Wealth LLC’s holdings in Invesco QQQ were worth $640,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the 1st quarter valued at about $29,000. Mechanics Financial Corp bought a new position in Invesco QQQ during the second quarter worth about $30,000. Legacy Bridge LLC increased its position in 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 buying an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2 %

QQQ opened at $482.44 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business has a 50 day moving average of $468.07 and a 200-day moving average of $458.33.

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.