Onyx Bridge Wealth Group LLC raised its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,274 shares of the exchange traded fund’s stock after purchasing an additional 1,088 shares during the quarter. Invesco QQQ accounts for 4.2% of Onyx Bridge Wealth Group LLC’s portfolio, making the stock its 5th biggest position. Onyx Bridge Wealth Group LLC’s holdings in Invesco QQQ were worth $20,588,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Red Tortoise LLC raised its position in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in shares of Invesco QQQ in the 4th quarter worth about $41,000. Bear Mountain Capital Inc. purchased a new position in Invesco QQQ during the 4th quarter valued at about $42,000. Russell Investments Group Ltd. bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $44,000. Finally, Core Wealth Advisors Inc. raised its position 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 worth $43,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded down $8.76 during trading on Friday, reaching $414.65. 75,140,125 shares of the company traded hands, compared to its average volume of 46,015,852. The firm has a 50 day simple moving average of $437.60 and a 200-day simple moving average of $407.88. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34.
Invesco QQQ Dividend Announcement
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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