Hartford Financial Management Inc. raised its position in Invesco QQQ Trust (NASDAQ:QQQ) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,235 shares of the exchange traded fund’s stock after acquiring an additional 53 shares during the period. Hartford Financial Management Inc.’s holdings in Invesco QQQ Trust were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Macroview Investment Management LLC boosted its stake in Invesco QQQ Trust by 112.7% in the second quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 1,200 shares in the last quarter. Farmers National Bank acquired a new stake in Invesco QQQ Trust in the first quarter valued at approximately $28,000. Larson Financial Group LLC acquired a new stake in Invesco QQQ Trust in the second quarter valued at approximately $29,000. Crosspoint Capital Strategies LLC acquired a new stake in Invesco QQQ Trust in the first quarter valued at approximately $43,000. Finally, St. Johns Investment Management Company LLC acquired a new stake in Invesco QQQ Trust in the first quarter valued at approximately $61,000. Institutional investors own 40.07% of the company’s stock.
Shares of QQQ opened at $188.39 on Wednesday. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $195.55. The company has a 50 day moving average price of $190.10.
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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