Leavell Investment Management Inc. increased its position in Invesco QQQ Trust (NASDAQ:QQQ) by 8.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,837 shares of the exchange traded fund’s stock after purchasing an additional 447 shares during the period. Leavell Investment Management Inc.’s holdings in Invesco QQQ Trust were worth $1,086,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new position in Invesco QQQ Trust in the second quarter worth about $104,000. Providence Capital Advisors LLC lifted its holdings in Invesco QQQ Trust by 487.4% in the second quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 502 shares during the last quarter. Opera Trading Capital bought a new position in Invesco QQQ Trust in the second quarter worth about $112,000. Quad Cities Investment Group LLC bought a new position in Invesco QQQ Trust in the second quarter worth about $128,000. Finally, MinichMacGregor Wealth Management LLC bought a new position in Invesco QQQ Trust in the second quarter worth about $143,000. Institutional investors and hedge funds own 40.77% of the company’s stock.
Shares of NASDAQ QQQ opened at $173.91 on Tuesday. Invesco QQQ Trust has a 52-week low of $146.33 and a 52-week high of $187.53.
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.
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