PPSC Investment Service Corp grew its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 9.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 260,400 shares of the exchange traded fund’s stock after acquiring an additional 21,900 shares during the period. Invesco QQQ comprises about 17.7% of PPSC Investment Service Corp’s holdings, making the stock its 3rd largest holding. PPSC Investment Service Corp’s holdings in Invesco QQQ were worth $115,620,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $29,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Red Tortoise LLC grew its stake in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the last quarter. Robinson Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $40,000. Finally, Friedenthal Financial purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Down 0.5 %
QQQ stock opened at $479.11 on Monday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $487.20. The stock’s 50 day simple moving average is $454.85 and its 200 day simple moving average is $436.77.
Invesco QQQ Increases Dividend
Invesco QQQ 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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