Invesco QQQ Trust (NASDAQ:QQQ) Shares Purchased by D. Scott Neal Inc.
D. Scott Neal Inc. increased its position in Invesco QQQ Trust (NASDAQ:QQQ) by 12.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 163,337 shares of the exchange traded fund’s stock after purchasing an additional 17,453 shares during the quarter. Invesco QQQ Trust accounts for 25.5% of D. Scott Neal Inc.’s portfolio, making the stock its 2nd biggest holding. D. Scott Neal Inc.’s holdings in Invesco QQQ Trust were worth $45,382,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Walled Lake Planning & Wealth Management LLC lifted its position in Invesco QQQ Trust by 414.3% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 108 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 87 shares in the last quarter. First National Bank of South Miami lifted its position in Invesco QQQ Trust by 300.0% in the 2nd quarter. First National Bank of South Miami now owns 120 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. Capital Bank & Trust Co lifted its position in Invesco QQQ Trust by 36.0% in the 1st quarter. Capital Bank & Trust Co now owns 204 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 54 shares in the last quarter. Lipe & Dalton bought a new position in Invesco QQQ Trust in the 2nd quarter valued at about $50,000. Finally, Heritage Wealth Advisors lifted its position in Invesco QQQ Trust by 64.1% in the 2nd quarter. Heritage Wealth Advisors now owns 343 shares of the exchange traded fund’s stock valued at $74,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 42.99% of the company’s stock.
Shares of Invesco QQQ Trust stock traded down $1.59 during mid-day trading on Friday, hitting $288.51. 40,570,702 shares of the stock were exchanged, compared to its average volume of 50,270,559. Invesco QQQ Trust has a 12 month low of $164.93 and a 12 month high of $303.50. The company has a 50-day simple moving average of $279.70 and a 200 day simple moving average of $249.24.
Separately, ValuEngine cut shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd.
Invesco QQQ Trust 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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