Pineridge Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 190.6% during the second quarter, HoldingsChannel reports. The firm owned 401 shares of the exchange traded fund’s stock after buying an additional 263 shares during the quarter. Pineridge Advisors LLC’s holdings in Invesco QQQ were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Atwater Malick LLC bought a new position in Invesco QQQ during the first quarter worth $293,000. Westwood Holdings Group Inc. increased its position in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the period. Aviance Capital Partners LLC increased its position in Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 1,033 shares during the period. GenWealth Group Inc. increased its position in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after acquiring an additional 2,325 shares during the period. Finally, Fiera Capital Corp increased its position in Invesco QQQ by 1.7% during the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after acquiring an additional 11,013 shares during the period. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 1.1 %
Invesco QQQ stock traded up $5.15 on Friday, hitting $480.00. The company’s stock had a trading volume of 36,061,508 shares, compared to its average volume of 40,708,035. The company has a fifty day moving average price of $475.08 and a 200-day moving average price of $453.77. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.
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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