ProVise Management Group LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

ProVise Management Group LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,479 shares of the exchange traded fund’s stock after buying an additional 65 shares during the period. ProVise Management Group LLC’s holdings in Invesco QQQ were worth $4,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bright Financial Advisors Inc. boosted its stake in Invesco QQQ by 3.2% during the second quarter. Bright Financial Advisors Inc. now owns 6,499 shares of the exchange traded fund’s stock valued at $3,114,000 after buying an additional 199 shares during the period. Somerset Group LLC boosted its position in shares of Invesco QQQ by 5.5% during the 2nd quarter. Somerset Group LLC now owns 14,189 shares of the exchange traded fund’s stock valued at $6,798,000 after acquiring an additional 739 shares during the last quarter. Concorde Asset Management LLC grew its holdings in shares of Invesco QQQ by 16.0% during the second quarter. Concorde Asset Management LLC now owns 20,639 shares of the exchange traded fund’s stock worth $9,890,000 after purchasing an additional 2,852 shares in the last quarter. WCG Wealth Advisors LLC increased its position in shares of Invesco QQQ by 4.5% in the second quarter. WCG Wealth Advisors LLC now owns 20,141 shares of the exchange traded fund’s stock worth $9,650,000 after purchasing an additional 867 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc raised its stake in Invesco QQQ by 32.6% in the second quarter. Glass Jacobson Investment Advisors llc now owns 940 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 231 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 2.5 %

Shares of Invesco QQQ stock 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 company has a 50 day simple moving average of $468.32 and a two-hundred day simple moving average of $458.07.

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.