Park Avenue Securities LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 34.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,034 shares of the exchange traded fund’s stock after purchasing an additional 7,438 shares during the period. Park Avenue Securities LLC’s holdings in Invesco QQQ were worth $14,843,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in QQQ. GAMMA Investing LLC lifted its holdings in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the last quarter. Socha Financial Group LLC grew its position in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after acquiring an additional 2,171 shares during the last quarter. NRI Wealth Management LC acquired a new position in Invesco QQQ during the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its holdings in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ opened at $505.08 on Wednesday. The firm has a 50 day simple moving average of $515.57 and a 200 day simple moving average of $491.47. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15.
Invesco QQQ Announces Dividend
About Invesco QQQ
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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