QP Wealth Management LLC Makes New Investment in Invesco QQQ $QQQ

QP Wealth Management LLC bought a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,662 shares of the exchange traded fund’s stock, valued at approximately $1,021,000. Invesco QQQ accounts for about 0.9% of QP Wealth Management LLC’s portfolio, making the stock its 28th largest holding.

Several other institutional investors also recently made changes to their positions in the stock. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the third quarter worth $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at about $27,000. Navigoe LLC raised its stake in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Invesco QQQ in the third quarter worth about $40,000. Finally, PayPay Securities Corp lifted its holdings in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 1.8%

Shares of QQQ opened at $582.06 on Friday. The firm has a 50-day moving average price of $610.46 and a 200 day moving average price of $609.19. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

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:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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