OLD Second National Bank of Aurora Decreases Stake in Invesco QQQ Trust (NASDAQ:QQQ)
OLD Second National Bank of Aurora lowered its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 11.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 800 shares of the exchange traded fund’s stock after selling 100 shares during the period. OLD Second National Bank of Aurora’s holdings in Invesco QQQ Trust were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Farmers National Bank purchased a new position in shares of Invesco QQQ Trust during the first quarter worth $28,000. Larson Financial Group LLC acquired a new stake in Invesco QQQ Trust during the second quarter valued at $29,000. Crosspoint Capital Strategies LLC acquired a new stake in Invesco QQQ Trust during the first quarter valued at $43,000. St. Johns Investment Management Company LLC acquired a new stake in Invesco QQQ Trust during the first quarter valued at $61,000. Finally, Spectrum Management Group Inc. grew its position in 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 valued at $78,000 after buying an additional 98 shares during the period. 41.54% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ QQQ opened at $193.45 on Tuesday. The firm has a 50-day moving average of $189.53. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $195.55.
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.
Further Reading: Golden Cross
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).
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