Dana Investment Advisors Inc. Has $419,000 Position in Invesco QQQ Trust (QQQ)
Dana Investment Advisors Inc. decreased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 20.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,715 shares of the exchange traded fund’s stock after selling 685 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Invesco QQQ Trust were worth $419,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. CX Institutional grew its holdings in Invesco QQQ Trust by 1,811.1% during the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 326 shares during the last quarter. LS Investment Advisors LLC grew its holdings in Invesco QQQ Trust by 25.0% during the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 75 shares during the last quarter. Delta Asset Management LLC TN boosted its position in Invesco QQQ Trust by 149.1% in the 4th quarter. Delta Asset Management LLC TN now owns 436 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 261 shares during the period. Bruderman Asset Management LLC purchased a new stake in Invesco QQQ Trust in the 4th quarter valued at about $74,000. Finally, Lenox Wealth Management Inc. boosted its position in Invesco QQQ Trust by 848.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the exchange traded fund’s stock valued at $87,000 after buying an additional 1,044 shares during the period. Institutional investors own 48.75% of the company’s stock.
Invesco QQQ Trust stock opened at $178.35 on Monday. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $187.53.
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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