Leo Wealth LLC Invests $11.80 Million in Invesco QQQ (NASDAQ:QQQ)

Leo Wealth LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,126 shares of the exchange traded fund’s stock, valued at approximately $11,798,000. Invesco QQQ accounts for about 1.2% of Leo Wealth LLC’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $35,000. Red Tortoise LLC lifted its stake in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Invesco QQQ during the 4th quarter worth $41,000. Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $40,000. Finally, Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ in the 4th quarter valued at about $42,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.2 %

Shares of QQQ stock opened at $485.06 on Tuesday. The company has a 50-day moving average of $446.13 and a two-hundred day moving average of $431.15. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $486.86.

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.