Reynders McVeigh Capital Management LLC bought a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,091 shares of the exchange traded fund’s stock, valued at approximately $204,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Macroview Investment Management LLC grew its stake in shares of Invesco QQQ Trust by 112.7% in the 2nd quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 1,200 shares in the last quarter. Farmers National Bank purchased a new position in shares of Invesco QQQ Trust in the 1st quarter worth $28,000. Larson Financial Group LLC purchased a new position in shares of Invesco QQQ Trust in the 2nd quarter worth $29,000. Crosspoint Capital Strategies LLC purchased a new position in shares of Invesco QQQ Trust in the 1st quarter worth $43,000. Finally, Lenox Wealth Management Inc. grew its stake in shares of Invesco QQQ Trust by 33.8% in the 2nd quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock worth $88,000 after buying an additional 120 shares in the last quarter. 41.04% of the stock is owned by institutional investors.
Shares of NASDAQ:QQQ traded down $5.95 on Friday, reaching $182.07. The company’s stock had a trading volume of 51,349,653 shares, compared to its average volume of 36,695,280. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $195.55. The company has a 50-day simple moving average of $189.68 and a 200 day simple moving average of $182.88.
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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