Kanawha Capital Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,601 shares of the exchange traded fund’s stock after selling 72 shares during the period. Kanawha Capital Management LLC’s holdings in Invesco QQQ were worth $2,734,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the first quarter valued at about $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ in the first quarter valued at $40,000. CGC Financial Services LLC increased its stake in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Stock Up 0.7 %
NASDAQ:QQQ opened at $487.43 on Monday. Invesco QQQ has a 52-week low of $360.30 and a 52-week high of $503.52. The stock’s 50-day simple moving average is $481.80 and its 200 day simple moving average is $469.11.
Invesco QQQ Cuts Dividend
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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