Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 299.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,487 shares of the exchange traded fund’s stock after purchasing an additional 15,360 shares during the quarter. Invesco QQQ accounts for about 2.9% of Outlook Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Outlook Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Ironwood Wealth Management LLC. grew its position in Invesco QQQ by 7.4% in the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after acquiring an additional 381 shares in the last quarter. Axiom Financial Strategies LLC grew its position in shares of Invesco QQQ by 11.6% during the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 85 shares in the last quarter. Roundview Capital LLC grew its position in shares of Invesco QQQ by 0.9% during the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after buying an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Invesco QQQ by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after buying an additional 278 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Invesco QQQ by 309.2% during the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $370.81 on Friday. Invesco QQQ has a twelve month low of $254.26 and a twelve month high of $387.98. The firm has a 50 day simple moving average of $373.11 and a 200-day simple moving average of $347.68.

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.