SageView Advisory Group LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,373 shares of the exchange traded fund’s stock, valued at approximately $10,791,000.
Other hedge funds have also recently modified their holdings of the company. Red Tortoise LLC grew 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 valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial bought a new position in Invesco QQQ in the 4th quarter valued at $41,000. Robinson Capital Management LLC bought a new position in Invesco QQQ in the 4th quarter valued at $40,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the 4th quarter valued at $42,000. Finally, Core Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded down $2.05 during mid-day trading on Thursday, reaching $453.66. 40,221,329 shares of the company were exchanged, compared to its average volume of 43,656,953. The company’s 50 day moving average price is $438.48 and its 200 day moving average price is $420.84. Invesco QQQ has a 52 week low of $329.56 and a 52 week high of $460.58.
Invesco QQQ Dividend Announcement
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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