Wealthsource Partners LLC increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,050 shares of the exchange traded fund’s stock after purchasing an additional 3,331 shares during the quarter. Invesco QQQ Trust accounts for 1.2% of Wealthsource Partners LLC’s investment portfolio, making the stock its 19th biggest holding. Wealthsource Partners LLC’s holdings in Invesco QQQ Trust were worth $4,472,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of QQQ. Signature Estate & Investment Advisors LLC purchased a new position in Invesco QQQ Trust during the second quarter worth $104,000. Providence Capital Advisors LLC increased its position in Invesco QQQ Trust by 487.4% during the second quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock worth $104,000 after buying an additional 502 shares in the last quarter. Opera Trading Capital purchased a new position in Invesco QQQ Trust during the second quarter worth $112,000. Quad Cities Investment Group LLC purchased a new position in Invesco QQQ Trust during the second quarter worth $128,000. Finally, MinichMacGregor Wealth Management LLC purchased a new position in Invesco QQQ Trust during the second quarter worth $143,000. 40.46% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trust stock traded down $0.68 during mid-day trading on Friday, hitting $181.13. 835,155 shares of the company were exchanged, compared to its average volume of 27,430,486. Invesco QQQ Trust has a 12-month low of $142.10 and a 12-month high of $187.52.
About Invesco QQQ Trust
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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