Atlas Brown Inc. boosted its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 9.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,238 shares of the exchange traded fund’s stock after buying an additional 108 shares during the quarter. Atlas Brown Inc.’s holdings in Invesco QQQ Trust were worth $344,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC boosted its holdings in Invesco QQQ Trust by 414.3% in the second quarter. Walled Lake Planning & Wealth Management LLC now owns 108 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 87 shares in the last quarter. First National Bank of South Miami lifted its stake in Invesco QQQ Trust by 300.0% in the second quarter. First National Bank of South Miami now owns 120 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. Lipe & Dalton purchased a new stake in Invesco QQQ Trust in the second quarter valued at approximately $50,000. Capital Bank & Trust Co lifted its stake in Invesco QQQ Trust by 36.0% in the first quarter. Capital Bank & Trust Co now owns 204 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 54 shares during the last quarter. Finally, Lenox Wealth Advisors LLC lifted its stake in Invesco QQQ Trust by 96.2% in the second quarter. Lenox Wealth Advisors LLC now owns 306 shares of the exchange traded fund’s stock valued at $76,000 after buying an additional 150 shares during the last quarter. 42.99% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ QQQ opened at $288.51 on Friday. Invesco QQQ Trust has a twelve month low of $164.93 and a twelve month high of $303.50. The stock has a 50 day moving average of $279.70 and a two-hundred day moving average of $249.24.
Separately, ValuEngine cut Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 2nd.
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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