Guardian Partners Inc. Makes New $361,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Guardian Partners Inc. purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, Holdings Channel.com reports. The firm purchased 700 shares of the exchange traded fund’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Fortis Capital Management LLC grew its position in shares of Invesco QQQ by 9.9% during the fourth quarter. Fortis Capital Management LLC now owns 6,717 shares of the exchange traded fund’s stock valued at $3,434,000 after purchasing an additional 606 shares in the last quarter. Somerset Group LLC grew its position in Invesco QQQ by 2.1% in the fourth quarter. Somerset Group LLC now owns 13,996 shares of the exchange traded fund’s stock worth $7,155,000 after acquiring an additional 286 shares in the last quarter. Sykon Capital LLC grew its position in Invesco QQQ by 82.1% in the fourth quarter. Sykon Capital LLC now owns 23,516 shares of the exchange traded fund’s stock worth $12,022,000 after acquiring an additional 10,602 shares in the last quarter. Intellus Advisors LLC purchased a new position in Invesco QQQ in the fourth quarter worth about $62,346,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter worth about $8,104,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $480.84 on Monday. The firm has a 50-day simple moving average of $511.30 and a two-hundred day simple moving average of $504.45. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a market cap of $303.05 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Company 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.