Good Life Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,297 shares of the exchange traded fund’s stock after acquiring an additional 480 shares during the quarter. Invesco QQQ makes up approximately 0.8% of Good Life Advisors LLC’s holdings, making the stock its 23rd biggest position. Good Life Advisors LLC’s holdings in Invesco QQQ were worth $7,498,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC increased its stake in shares of Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. Morgan Stanley grew its holdings in Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares during the period. Kensington Asset Management LLC acquired a new position in Invesco QQQ during the first quarter worth approximately $342,079,000. Money Concepts Capital Corp raised its stake in Invesco QQQ by 971.1% in the first quarter. Money Concepts Capital Corp now owns 951,023 shares of the exchange traded fund’s stock valued at $10,353,000 after buying an additional 862,236 shares during the period. Finally, Natixis acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $228,207,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Trading Down 1.7 %
Shares of NASDAQ QQQ opened at $370.81 on Friday. Invesco QQQ has a 12 month low of $254.26 and a 12 month high of $387.98. The stock has a 50 day moving average of $373.20 and a 200-day moving average of $348.25.
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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