Invesco QQQ (NASDAQ:QQQ) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,372 shares of the exchange traded fund’s stock after purchasing an additional 172 shares during the quarter. King Luther Capital Management Corp’s holdings in Invesco QQQ were worth $4,011,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QQQ. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC boosted its position 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 acquiring an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC boosted its position 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 worth $13,307,000 after acquiring an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC boosted its position in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. acquired a new stake in Invesco QQQ during the first quarter worth approximately $304,591,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $482.44 on Friday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The firm’s 50 day moving average price is $468.07 and its 200 day moving average price is $458.49.

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.