Gateway Wealth Partners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,359 shares of the exchange traded fund’s stock after acquiring an additional 148 shares during the period. Invesco QQQ comprises about 1.0% of Gateway Wealth Partners LLC’s holdings, making the stock its 24th largest holding. Gateway Wealth Partners LLC’s holdings in Invesco QQQ were worth $3,762,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in QQQ. AQR Capital Management LLC lifted its position in Invesco QQQ by 332.0% during the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after buying an additional 9,254 shares during the period. 3Chopt Investment Partners LLC purchased a new position in Invesco QQQ during the 2nd quarter valued at about $226,000. RiverFront Investment Group LLC boosted its stake in Invesco QQQ by 13.0% during the second quarter. RiverFront Investment Group LLC now owns 133,997 shares of the exchange traded fund’s stock worth $64,199,000 after acquiring an additional 15,393 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Invesco QQQ in the second quarter worth about $104,000. Finally, NCP Inc. increased its stake in shares of Invesco QQQ by 3.1% during the second quarter. NCP Inc. now owns 6,642 shares of the exchange traded fund’s stock valued at $3,182,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Down 0.2 %
QQQ stock opened at $520.83 on Thursday. The firm has a 50 day moving average price of $518.51 and a 200-day moving average price of $493.56. Invesco QQQ has a 52-week low of $413.07 and a 52-week 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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