Invesco QQQ $QQQ Holdings Reduced by Peoples Bank KS

Peoples Bank KS decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 46.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,478 shares of the exchange traded fund’s stock after selling 3,923 shares during the period. Invesco QQQ comprises about 2.7% of Peoples Bank KS’s investment portfolio, making the stock its 6th biggest holding. Peoples Bank KS’s holdings in Invesco QQQ were worth $2,688,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Fiduciary Alliance LLC lifted its holdings in shares of Invesco QQQ by 5.5% during the third quarter. Fiduciary Alliance LLC now owns 14,910 shares of the exchange traded fund’s stock valued at $8,952,000 after purchasing an additional 777 shares in the last quarter. Wealth Group Ltd increased its holdings in Invesco QQQ by 62.0% in the 3rd quarter. Wealth Group Ltd now owns 39,898 shares of the exchange traded fund’s stock worth $23,954,000 after buying an additional 15,269 shares in the last quarter. Pinnacle Wealth Management Group Inc. raised its position in Invesco QQQ by 6.1% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 12,318 shares of the exchange traded fund’s stock worth $7,395,000 after buying an additional 705 shares during the last quarter. OLD Point Trust & Financial Services N A lifted its stake in Invesco QQQ by 6.3% during the 3rd quarter. OLD Point Trust & Financial Services N A now owns 2,530 shares of the exchange traded fund’s stock valued at $1,519,000 after acquiring an additional 150 shares during the period. Finally, Kwmg LLC boosted its holdings in shares of Invesco QQQ by 0.6% during the 3rd quarter. Kwmg LLC now owns 50,939 shares of the exchange traded fund’s stock valued at $30,582,000 after acquiring an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.4%

Shares of QQQ stock opened at $609.11 on Friday. The company has a 50 day moving average price of $613.59 and a 200-day moving average price of $582.63. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ 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.