Peterson Wealth Management raised its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 6.6% in the second quarter, Holdings Channel.com reports. The fund owned 26,949 shares of the exchange traded fund’s stock after acquiring an additional 1,660 shares during the period. Invesco QQQ comprises 8.0% of Peterson Wealth Management’s portfolio, making the stock its 2nd biggest holding. Peterson Wealth Management’s holdings in Invesco QQQ were worth $12,911,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Assets Advisory LLC purchased a new stake in Invesco QQQ during the first quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC lifted its stake in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares in the last quarter. Granite Bay Wealth Management LLC lifted its stake in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares in the last quarter. Harvard Management Co. Inc. purchased a new stake in Invesco QQQ during the first quarter valued at about $304,591,000. Finally, Mirae Asset Securities USA Inc. purchased a new stake in Invesco QQQ during the second quarter valued at about $215,600,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 0.1 %
QQQ stock opened at $461.04 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The firm has a 50-day moving average of $473.04 and a two-hundred day moving average of $455.79.
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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