Gilliland Jeter Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,781 shares of the exchange traded fund’s stock after purchasing an additional 78 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Invesco QQQ were worth $869,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Prospect Financial Services LLC raised its holdings in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Skyline Advisors Inc. increased its stake in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the period. Sweeney & Michel LLC lifted its position in shares of Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares during the last quarter. Family Firm Inc. boosted its stake in Invesco QQQ by 3.1% during the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares during the period. Finally, Merriman Wealth Management LLC boosted its stake in Invesco QQQ by 0.5% during the 2nd quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock valued at $2,420,000 after purchasing an additional 23 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 0.7 %
Shares of NASDAQ QQQ opened at $494.47 on Monday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The business’s 50 day moving average is $477.68 and its two-hundred day moving average is $465.15.
Invesco QQQ Cuts Dividend
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.
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