Natixis Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 26.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,128 shares of the exchange traded fund’s stock after purchasing an additional 6,089 shares during the quarter. Natixis Advisors LLC’s holdings in Invesco QQQ were worth $13,956,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $29,000. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Finally, Robinson Capital Management LLC purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Trading Down 0.3 %
QQQ opened at $460.61 on Thursday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s fifty day moving average is $473.45 and its two-hundred day moving average is $455.75.
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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