Sunbelt Securities Inc. Has $2.25 Million Holdings in Invesco QQQ Trust (NASDAQ:QQQ)
Sunbelt Securities Inc. grew its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 15.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,052 shares of the exchange traded fund’s stock after purchasing an additional 1,573 shares during the period. Invesco QQQ Trust comprises 1.0% of Sunbelt Securities Inc.’s holdings, making the stock its 27th largest holding. Sunbelt Securities Inc.’s holdings in Invesco QQQ Trust were worth $2,251,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in QQQ. Macroview Investment Management LLC boosted its position in shares of Invesco QQQ Trust by 112.7% during the 2nd quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 1,200 shares in the last quarter. Farmers National Bank acquired a new stake in shares of Invesco QQQ Trust during the 1st quarter worth approximately $28,000. Larson Financial Group LLC bought a new position in Invesco QQQ Trust in the 2nd quarter valued at approximately $29,000. Crosspoint Capital Strategies LLC bought a new position in Invesco QQQ Trust in the 1st quarter valued at approximately $43,000. Finally, St. Johns Investment Management Company LLC bought a new position in Invesco QQQ Trust in the 1st quarter valued at approximately $61,000. Hedge funds and other institutional investors own 40.07% of the company’s stock.
NASDAQ:QQQ traded down $0.48 on Wednesday, hitting $183.87. The company had a trading volume of 16,689,690 shares, compared to its average volume of 34,251,000. The company’s 50 day moving average price is $190.10. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $195.55.
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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