Etfidea LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Etfidea LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,614 shares of the exchange traded fund’s stock after purchasing an additional 718 shares during the period. Invesco QQQ accounts for approximately 3.2% of Etfidea LLC’s investment portfolio, making the stock its 9th biggest holding. Etfidea LLC’s holdings in Invesco QQQ were worth $9,397,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Global Assets Advisory LLC bought a new position in Invesco QQQ in the first quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC increased its position in shares of 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 worth $1,525,067,000 after buying an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 18,691.3% in 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 buying an additional 2,762,571 shares during the period. Commonwealth Equity Services LLC boosted its position in 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 valued at $1,219,115,000 after acquiring an additional 64,401 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Invesco QQQ by 10.2% during the 2nd 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 period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $483.36 on Friday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business’s 50-day moving average is $468.32 and its 200-day moving average is $458.07.

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.