Greytown Advisors Inc. bought a new position in Invesco QQQ Trust (NASDAQ:QQQ) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,139 shares of the exchange traded fund’s stock, valued at approximately $205,000.
Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Farmers National Bank purchased a new stake in shares of Invesco QQQ Trust during the 1st quarter worth approximately $28,000. Crosspoint Capital Strategies LLC purchased a new stake in shares of Invesco QQQ Trust during the 1st quarter worth approximately $43,000. Sontag Advisory LLC purchased a new stake in shares of Invesco QQQ Trust during the 4th quarter worth approximately $46,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Invesco QQQ Trust during the 1st quarter worth approximately $61,000. Finally, Capital Financial Planning LLC purchased a new stake in shares of Invesco QQQ Trust during the 4th quarter worth approximately $55,000. Institutional investors own 40.90% of the company’s stock.
Shares of QQQ stock traded down $0.86 during trading hours on Friday, hitting $182.56. 966,019 shares of the company were exchanged, compared to its average volume of 36,838,664. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $191.32.
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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