Carret Asset Management LLC increased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 32.5% in the 1st quarter, HoldingsChannel reports. The firm owned 1,182 shares of the exchange traded fund’s stock after acquiring an additional 290 shares during the quarter. Carret Asset Management LLC’s holdings in Invesco QQQ Trust were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Regency Capital Management Inc. DE purchased a new position in Invesco QQQ Trust in the fourth quarter valued at $27,000. CarsonAllaria Wealth Management Ltd. purchased a new position in Invesco QQQ Trust in the fourth quarter valued at $29,000. Alaethes Wealth LLC increased its holdings in Invesco QQQ Trust by 100.0% in the third quarter. Alaethes Wealth LLC now owns 100 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. William Allan LLC purchased a new position in Invesco QQQ Trust in the fourth quarter valued at $36,000. Finally, Aquire Wealth Advisors LLC purchased a new position in Invesco QQQ Trust in the fourth quarter valued at $37,000. 42.74% of the stock is owned by hedge funds and other institutional investors.
QQQ opened at $280.67 on Thursday. Invesco QQQ Trust has a fifty-two week low of $269.28 and a fifty-two week high of $408.71. The company has a fifty day moving average of $305.35 and a two-hundred day moving average of $343.21.
About Invesco QQQ Trust (Get Rating)
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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