Successful Portfolios LLC bought a new stake in Invesco QQQ Trust (NASDAQ:QQQ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,543 shares of the exchange traded fund’s stock, valued at approximately $1,047,000. Invesco QQQ Trust comprises 1.0% of Successful Portfolios LLC’s investment portfolio, making the stock its 24th largest position.
Several other institutional investors have also recently bought and sold shares of the company. Macroview Investment Management LLC raised its stake in Invesco QQQ Trust by 112.7% during the 2nd quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 1,200 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Invesco QQQ Trust during the 2nd quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Invesco QQQ Trust during the 2nd quarter worth approximately $44,000. Prestige Wealth Management Group LLC acquired a new position in Invesco QQQ Trust during the 2nd quarter worth approximately $68,000. Finally, Lenox Wealth Management Inc. increased its position in Invesco QQQ Trust by 33.8% during the 2nd quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock worth $88,000 after purchasing an additional 120 shares during the period. 44.69% of the stock is owned by institutional investors and hedge funds.
NASDAQ QQQ traded up $2.53 on Friday, hitting $191.21. 4,563,775 shares of the company’s stock were exchanged, compared to its average volume of 30,691,644. The firm’s 50-day moving average price is $188.56 and its two-hundred day moving average price is $186.46. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $195.55.
Invesco QQQ Trust 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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