49 Wealth Management LLC boosted its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,491 shares of the exchange traded fund’s stock after buying an additional 113 shares during the quarter. Invesco QQQ makes up approximately 0.3% of 49 Wealth Management LLC’s portfolio, making the stock its 29th biggest position. 49 Wealth Management LLC’s holdings in Invesco QQQ were worth $1,553,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ during the first quarter valued at about $29,000. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the 4th quarter worth approximately $35,000. Red Tortoise LLC increased its stake in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Finally, Robinson Capital Management LLC bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $40,000. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded up $2.89 during trading on Friday, reaching $494.82. 37,109,399 shares of the company traded hands, compared to its average volume of 26,653,172. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The business’s fifty day moving average is $468.15 and its 200-day moving average is $442.58.
Invesco QQQ Increases 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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