BIP Wealth LLC increased its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 72.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,890 shares of the exchange traded fund’s stock after purchasing an additional 791 shares during the quarter. BIP Wealth LLC’s holdings in Invesco QQQ were worth $677,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. 180 Wealth Advisors LLC raised its position in shares of Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 29 shares during the period. Goodwin Daniel L increased its holdings in Invesco QQQ by 76.1% in the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after acquiring an additional 2,495 shares during the last quarter. Cornerstone Advisors LLC increased its holdings in Invesco QQQ by 36.7% in the 2nd quarter. Cornerstone Advisors LLC now owns 108,000 shares of the exchange traded fund’s stock valued at $39,897,000 after acquiring an additional 29,000 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Invesco QQQ by 9.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,198,038 shares of the exchange traded fund’s stock valued at $812,000,000 after acquiring an additional 195,130 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its holdings in Invesco QQQ by 1.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 319,340 shares of the exchange traded fund’s stock valued at $114,410,000 after acquiring an additional 4,104 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded up $4.26 during trading hours on Friday, reaching $437.05. The company’s stock had a trading volume of 35,810,050 shares, compared to its average volume of 44,941,703. Invesco QQQ has a one year low of $285.19 and a one year high of $437.85. The firm has a 50 day moving average price of $409.81 and a 200-day moving average price of $383.84.
Invesco QQQ Announces Dividend
Invesco QQQ 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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