Affinity Wealth Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,501 shares of the exchange traded fund’s stock after purchasing an additional 556 shares during the quarter. Invesco QQQ accounts for approximately 6.3% of Affinity Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Affinity Wealth Management LLC’s holdings in Invesco QQQ were worth $35,386,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of QQQ. Global Assets Advisory LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC boosted its holdings in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC grew its position in Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after purchasing an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC raised its stake in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new position in shares of Invesco QQQ during the 1st quarter valued at $304,591,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 0.9 %
Shares of Invesco QQQ stock traded up $4.46 during trading hours on Monday, reaching $497.82. 3,860,314 shares of the stock traded hands, compared to its average volume of 39,132,590. The company has a 50 day moving average price of $472.55 and a 200 day moving average price of $463.40. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.
Invesco QQQ Cuts Dividend
About Invesco QQQ
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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