Brighton Jones LLC raised its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 4.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 29,285 shares of the exchange traded fund’s stock after purchasing an additional 1,327 shares during the period. Brighton Jones LLC’s holdings in Invesco QQQ were worth $13,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Invesco QQQ in the first quarter valued at $1,580,776,000. Commonwealth Equity Services LLC boosted its stake in Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after acquiring an additional 162,691 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after buying an additional 433,317 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Invesco QQQ by 2.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,496,636 shares of the exchange traded fund’s stock worth $664,521,000 after buying an additional 38,471 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Price Performance
Shares of QQQ traded down $4.25 during mid-day trading on Friday, hitting $475.24. 41,959,711 shares of the company’s stock were exchanged, compared to its average volume of 40,274,848. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The business’s 50 day moving average is $471.99 and its two-hundred day moving average is $444.52.
Invesco QQQ Increases 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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