Invesco QQQ (NASDAQ:QQQ) Position Raised by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.7% in the second quarter, HoldingsChannel.com reports. The firm owned 27,482 shares of the exchange traded fund’s stock after buying an additional 1,969 shares during the period. Invesco QQQ comprises about 2.0% of Arkansas Financial Group Inc.’s investment portfolio, making the stock its 11th biggest holding. Arkansas Financial Group Inc.’s holdings in Invesco QQQ were worth $10,152,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ironwood Wealth Management LLC. grew its stake in shares of Invesco QQQ by 7.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after purchasing an additional 381 shares during the last quarter. Axiom Financial Strategies LLC lifted its position in shares of Invesco QQQ by 11.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 85 shares during the last quarter. Roundview Capital LLC lifted its position in shares of Invesco QQQ by 0.9% during the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after acquiring an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Invesco QQQ by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after acquiring an additional 278 shares during the last quarter. Finally, Covestor Ltd raised 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 purchasing an additional 337 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.7 %

Shares of NASDAQ:QQQ traded down $6.46 during midday trading on Friday, reaching $370.81. The company had a trading volume of 69,811,206 shares, compared to its average volume of 45,032,976. The company has a fifty day simple moving average of $373.20 and a two-hundred day simple moving average of $348.25. Invesco QQQ has a 1-year low of $254.26 and a 1-year high of $387.98.

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.