Invesco QQQ (NASDAQ:QQQ) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,698 shares of the exchange traded fund’s stock after purchasing an additional 7,435 shares during the period. AE Wealth Management LLC’s holdings in Invesco QQQ were worth $49,204,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in QQQ. Vantage Financial Partners LLC increased its holdings in shares of Invesco QQQ by 68.0% in the 4th quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock valued at $12,101,000 after acquiring an additional 11,957 shares during the last quarter. Concentrum Wealth Management increased its holdings in shares of Invesco QQQ by 15.4% in the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after acquiring an additional 1,962 shares during the last quarter. Rollins Financial grew its stake in Invesco QQQ by 11.8% during the 4th quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock worth $76,822,000 after buying an additional 19,785 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in Invesco QQQ by 30.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock worth $1,248,000 after buying an additional 706 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Invesco QQQ by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $3,455,000 after buying an additional 102 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $483.36 on Friday. The stock has a fifty day moving average price of $468.32 and a 200 day moving average price of $458.07. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

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.