Cedar Wealth Management LLC Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Cedar Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,281 shares of the exchange traded fund’s stock after acquiring an additional 27 shares during the period. Invesco QQQ comprises about 0.5% of Cedar Wealth Management LLC’s holdings, making the stock its 28th largest holding. Cedar Wealth Management LLC’s holdings in Invesco QQQ were worth $1,572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Global Assets Advisory LLC purchased a new position in Invesco QQQ in the 1st quarter worth about $1,580,776,000. Steel Grove Capital Advisors LLC grew its holdings in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Invesco QQQ by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock worth $1,219,115,000 after purchasing an additional 64,401 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Invesco QQQ by 10.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock worth $1,073,929,000 after acquiring an additional 206,608 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 2.5 %

NASDAQ:QQQ opened at $483.36 on Friday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The business’s 50-day moving average is $468.32 and its 200 day moving average is $458.07.

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.