Kiely Wealth Advisory Group Inc. Has $1.95 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Kiely Wealth Advisory Group Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,365 shares of the exchange traded fund’s stock after acquiring an additional 234 shares during the quarter. Invesco QQQ comprises about 1.1% of Kiely Wealth Advisory Group Inc.’s investment portfolio, making the stock its 9th largest holding. Kiely Wealth Advisory Group Inc.’s holdings in Invesco QQQ were worth $1,947,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC grew its stake 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 worth $1,525,067,000 after buying an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 18,691.3% in the 2nd 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 raised its position in shares of Invesco QQQ by 2.6% in the 2nd 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 buying an additional 64,401 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of 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 and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

NASDAQ QQQ opened at $482.44 on Friday. The firm’s 50 day simple moving average is $468.07 and its 200 day simple moving average is $458.33. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

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.