1 week Ago By ABMN Staff
NRI Wealth Management LC bought a new stake in shares of Invesco QQQ ( NASDAQ:QQQ – Free Report ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 56,195 shares of the exchange traded fund’s stock, valued at approximately $28,729,000. Invesco QQQ accounts for about 19.
8% of NRI Wealth Management LC’s portfolio, making the stock its 2nd biggest holding. Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc.
increased its stake in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc.
now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares during the last quarter. Socha Financial Group LLC increased its holdings in shares of Invesco QQQ by 2.4% in the third quarter.
Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the period. Garden State Investment Advisory Services LLC lifted its position in Invesco QQQ by 13.1% in the third quarter.
Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Archer Investment Corp raised its holdings in Invesco QQQ by 10.2% during the 3rd quarter.
Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock valued at $21,281,000 after buying an additional 4,025 shares during the last quarter. Finally, Bank Hapoalim BM boosted its holdings in shares of Invesco QQQ by 5.5% during the third quarter.
Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after purchasing an additional 6,347 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Down 0.2 % QQQ opened at $510.23 on Friday.
Invesco QQQ has a one year low of $395.34 and a one year high of $539.15.
The business has a 50 day simple moving average of $512.17 and a two-hundred day simple moving average of $489.54.
Invesco QQQ Announces Dividend Invesco QQQ Profile ( Free Report ) 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 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 ( NASDAQ:QQQ – Free Report ). Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.
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