BCGM Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,365 shares of the exchange traded fund’s stock after acquiring an additional 246 shares during the quarter. Invesco QQQ makes up about 3.6% of BCGM Wealth Management LLC’s holdings, making the stock its 4th largest holding. BCGM Wealth Management LLC’s holdings in Invesco QQQ were worth $11,434,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. boosted 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 purchasing an additional 11,351 shares in the last quarter. Socha Financial Group LLC grew its stake in shares of Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its holdings in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 3,581 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Price Performance
QQQ stock opened at $526.08 on Monday. The company’s 50-day moving average price is $523.39 and its 200 day moving average price is $501.59. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.
Invesco QQQ Announces Dividend
Invesco QQQ 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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