Clarity Capital Partners LLC Invests $1.78 Million in Invesco QQQ (NASDAQ:QQQ)

Clarity Capital Partners LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,340 shares of the exchange traded fund’s stock, valued at approximately $1,777,000. Invesco QQQ accounts for approximately 1.2% of Clarity Capital Partners LLC’s portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Prospect Financial Services LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $2,571,000. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the fourth quarter worth $35,000. Taylor Financial Group Inc. purchased a new position in Invesco QQQ in the fourth quarter worth $1,138,000. FIL Ltd grew its stake in Invesco QQQ by 32.3% in the 4th quarter. FIL Ltd now owns 587,749 shares of the exchange traded fund’s stock valued at $240,695,000 after purchasing an additional 143,617 shares during the period. Finally, Madison Wealth Partners Inc increased its position in shares of Invesco QQQ by 6.5% during the 4th quarter. Madison Wealth Partners Inc now owns 13,649 shares of the exchange traded fund’s stock valued at $5,590,000 after purchasing an additional 830 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.5 %

Shares of NASDAQ QQQ traded up $2.47 during mid-day trading on Friday, reaching $479.19. 23,330,847 shares of the company’s stock were exchanged, compared to its average volume of 41,794,773. The firm has a 50-day moving average price of $445.24 and a two-hundred day moving average price of $429.91. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $479.26.

About Invesco QQQ

(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.

See Also

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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