Invesco QQQ Trust (NASDAQ:QQQ) is Shulman DeMeo Asset Management LLC’s 3rd Largest Position
Shulman DeMeo Asset Management LLC reduced its position in Invesco QQQ Trust (NASDAQ:QQQ) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,868 shares of the exchange traded fund’s stock after selling 325 shares during the period. Invesco QQQ Trust makes up about 3.8% of Shulman DeMeo Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Shulman DeMeo Asset Management LLC’s holdings in Invesco QQQ Trust were worth $10,246,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Farmers National Bank bought a new position in shares of Invesco QQQ Trust during the first quarter worth about $28,000. Larson Financial Group LLC bought a new position in shares of Invesco QQQ Trust during the second quarter worth about $29,000. Crosspoint Capital Strategies LLC bought a new position in shares of Invesco QQQ Trust during the first quarter worth about $43,000. St. Johns Investment Management Company LLC bought a new position in shares of Invesco QQQ Trust during the first quarter worth about $61,000. Finally, Spectrum Management Group Inc. lifted its position in shares of Invesco QQQ Trust by 29.3% during the first quarter. Spectrum Management Group Inc. now owns 433 shares of the exchange traded fund’s stock worth $78,000 after purchasing an additional 98 shares during the last quarter. 41.54% of the stock is owned by institutional investors.
Shares of QQQ stock traded down $0.87 during trading hours on Monday, hitting $194.42. 1,818,332 shares of the company were exchanged, compared to its average volume of 20,679,344. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $195.55. The firm has a 50-day moving average price of $188.70.
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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