Linscomb & Williams Inc. lifted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,034 shares of the exchange traded fund’s stock after purchasing an additional 86 shares during the quarter. Linscomb & Williams Inc.’s holdings in Invesco QQQ Trust were worth $4,159,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Inspire Advisors LLC purchased a new stake in shares of Invesco QQQ Trust in the 4th quarter worth about $26,000. Cascade Investment Advisors Inc. purchased a new stake in shares of Invesco QQQ Trust in the 1st quarter worth about $28,000. Costello Asset Management INC boosted its position in shares of Invesco QQQ Trust by 119.0% in the 4th quarter. Costello Asset Management INC now owns 92 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 50 shares in the last quarter. Wells Financial Advisors INC purchased a new stake in shares of Invesco QQQ Trust in the 4th quarter worth about $29,000. Finally, Annapolis Financial Services LLC purchased a new stake in shares of Invesco QQQ Trust in the 4th quarter worth about $31,000. 45.52% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Trust stock opened at $340.35 on Friday. Invesco QQQ Trust has a 52 week low of $231.47 and a 52 week high of $342.80. The stock has a 50-day simple moving average of $333.17.
Invesco QQQ Trust 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.
Read More: Why do companies pay special dividends?
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.