Weiss Asset Management LP Acquires Shares of 14,060 Invesco QQQ Trust (NASDAQ:QQQ)

Weiss Asset Management LP bought a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,060 shares of the exchange traded fund’s stock, valued at approximately $3,758,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Davidson Capital Management Inc. increased its stake in Invesco QQQ Trust by 1.3% during the second quarter. Davidson Capital Management Inc. now owns 2,476 shares of the exchange traded fund’s stock valued at $694,000 after purchasing an additional 31 shares during the last quarter. Fiduciary Group LLC raised its stake in Invesco QQQ Trust by 2.4% during the second quarter. Fiduciary Group LLC now owns 1,422 shares of the exchange traded fund’s stock worth $461,000 after acquiring an additional 33 shares during the period. NTB Financial Corp lifted its holdings in Invesco QQQ Trust by 3.8% in the second quarter. NTB Financial Corp now owns 992 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 36 shares during the last quarter. Affiance Financial LLC boosted its stake in Invesco QQQ Trust by 4.0% in the third quarter. Affiance Financial LLC now owns 1,002 shares of the exchange traded fund’s stock valued at $268,000 after acquiring an additional 39 shares during the period. Finally, IAG Wealth Partners LLC grew its holdings in shares of Invesco QQQ Trust by 11.4% during the third quarter. IAG Wealth Partners LLC now owns 390 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 40 shares during the last quarter. 43.08% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trust Trading Down 0.5 %

Shares of Invesco QQQ Trust stock opened at $305.36 on Friday. Invesco QQQ Trust has a twelve month low of $254.26 and a twelve month high of $371.83. The business’s 50 day simple moving average is $294.12 and its 200-day simple moving average is $284.38.

About Invesco QQQ Trust

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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.