Daniels&Tansey LLP purchased a new position in Invesco QQQ Trust (NASDAQ:QQQ) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,728 shares of the exchange traded fund’s stock, valued at approximately $551,000. Invesco QQQ Trust accounts for approximately 0.2% of Daniels&Tansey LLP’s investment portfolio, making the stock its 20th largest holding.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wesbanco Bank Inc. purchased a new stake in shares of Invesco QQQ Trust during the first quarter valued at about $7,292,000. BigSur Wealth Management LLC grew its holdings in Invesco QQQ Trust by 15.8% in the first quarter. BigSur Wealth Management LLC now owns 5,135 shares of the exchange traded fund’s stock worth $1,641,000 after purchasing an additional 700 shares during the last quarter. Avantax Planning Partners Inc. increased its position in shares of Invesco QQQ Trust by 40.7% during the first quarter. Avantax Planning Partners Inc. now owns 9,060 shares of the exchange traded fund’s stock worth $2,891,000 after purchasing an additional 2,620 shares in the last quarter. Running Point Capital Advisors LLC lifted its holdings in shares of Invesco QQQ Trust by 4.0% during the 1st quarter. Running Point Capital Advisors LLC now owns 56,902 shares of the exchange traded fund’s stock valued at $18,159,000 after purchasing an additional 2,203 shares during the last quarter. Finally, Leelyn Smith LLC boosted its position in shares of Invesco QQQ Trust by 555.6% in the 1st quarter. Leelyn Smith LLC now owns 9,401 shares of the exchange traded fund’s stock worth $3,000,000 after purchasing an additional 7,967 shares in the last quarter. Hedge funds and other institutional investors own 47.01% of the company’s stock.
Invesco QQQ Trust stock traded down $3.20 during midday trading on Monday, reaching $323.19. The company’s stock had a trading volume of 1,504,406 shares, compared to its average volume of 47,578,430. The stock’s 50-day simple moving average is $331.76 and its 200-day simple moving average is $318.89. Invesco QQQ Trust has a 52-week low of $223.94 and a 52-week high of $342.80.
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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