City Holding Co. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 13.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,306 shares of the exchange traded fund’s stock after purchasing an additional 847 shares during the quarter. City Holding Co.’s holdings in Invesco QQQ were worth $3,566,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Atwater Malick LLC acquired a new stake in Invesco QQQ during the first quarter valued at approximately $293,000. Westwood Holdings Group Inc. raised its position in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares in the last quarter. GenWealth Group Inc. lifted its stake in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Socha Financial Group LLC boosted its holdings in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after purchasing an additional 1,153 shares during the period. Finally, SVB Wealth LLC increased its stake in Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ opened at $489.30 on Wednesday. The company’s fifty day moving average is $469.92 and its two-hundred day moving average is $462.07. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.
Invesco QQQ Cuts 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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