Park Edge Advisors LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 39.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,868 shares of the exchange traded fund’s stock after selling 1,217 shares during the quarter. Park Edge Advisors LLC’s holdings in Invesco QQQ were worth $955,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ during the 3rd quarter worth $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ in the fourth quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Down 0.6 %
QQQ opened at $529.63 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The business’s 50-day simple moving average is $517.86 and its 200-day simple moving average is $493.31.
Invesco QQQ Dividend Announcement
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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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