Sequoia Financial Advisors LLC lifted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,179 shares of the exchange traded fund’s stock after buying an additional 983 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco QQQ Trust were worth $1,919,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. First Republic Investment Management Inc. lifted its position in shares of Invesco QQQ Trust by 8.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 1,013,289 shares of the exchange traded fund’s stock worth $173,931,000 after buying an additional 80,388 shares during the last quarter. Raymond James & Associates raised its position in Invesco QQQ Trust by 13.3% in the 2nd quarter. Raymond James & Associates now owns 1,116,862 shares of the exchange traded fund’s stock valued at $191,712,000 after purchasing an additional 131,019 shares during the last quarter. BB&T Securities LLC raised its position in Invesco QQQ Trust by 7.6% in the 2nd quarter. BB&T Securities LLC now owns 264,733 shares of the exchange traded fund’s stock valued at $45,441,000 after purchasing an additional 18,679 shares during the last quarter. Castle Rock Wealth Management LLC purchased a new stake in Invesco QQQ Trust in the 2nd quarter valued at $235,000. Finally, ProVise Management Group LLC purchased a new stake in Invesco QQQ Trust in the 2nd quarter valued at $1,483,000. Institutional investors and hedge funds own 40.46% of the company’s stock.
QQQ stock opened at $181.11 on Friday. Invesco QQQ Trust has a 12 month low of $142.10 and a 12 month high of $187.52.
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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