Activest Wealth Management acquired a new stake in Invesco QQQ Trust (NASDAQ:QQQ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,451 shares of the exchange traded fund’s stock, valued at approximately $20,717,000. Invesco QQQ Trust comprises approximately 15.6% of Activest Wealth Management’s holdings, making the stock its 2nd largest position.
Several other large investors have also added to or reduced their stakes in the stock. Investors Research Corp raised its position in shares of Invesco QQQ Trust by 126.5% during the 2nd quarter. Investors Research Corp now owns 77 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 43 shares during the period. West Branch Capital LLC bought a new position in shares of Invesco QQQ Trust in the second quarter valued at $35,000. Logan Capital Management Inc. acquired a new stake in Invesco QQQ Trust during the 1st quarter worth about $44,000. Annapolis Financial Services LLC grew its position in Invesco QQQ Trust by 31.0% during the 2nd quarter. Annapolis Financial Services LLC now owns 131 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 31 shares in the last quarter. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in Invesco QQQ Trust during the first quarter valued at $48,000. Institutional investors and hedge funds own 44.18% of the company’s stock.
Shares of NASDAQ:QQQ traded down $9.68 during trading on Tuesday, hitting $360.67. 3,926,839 shares of the stock were exchanged, compared to its average volume of 42,011,609. The company’s fifty day simple moving average is $371.19 and its 200-day simple moving average is $348.60. Invesco QQQ Trust has a 1-year low of $266.97 and a 1-year high of $382.78.
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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