Certified Advisory Corp Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Certified Advisory Corp lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,550 shares of the exchange traded fund’s stock after acquiring an additional 2,718 shares during the quarter. Invesco QQQ accounts for 3.1% of Certified Advisory Corp’s portfolio, making the stock its 3rd largest holding. Certified Advisory Corp’s holdings in Invesco QQQ were worth $24,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Prospect Financial Services LLC grew its stake in shares of Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after purchasing an additional 21 shares during the period. Sweeney & Michel LLC grew its position in shares of Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares during the period. Family Firm Inc. grew its position in shares of Invesco QQQ by 3.1% during the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 22 shares during the period. Merriman Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.5% in the 2nd quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock valued at $2,420,000 after acquiring an additional 23 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its position in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $482.44 on Monday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The company’s 50 day simple moving average is $468.07 and its 200 day simple moving average is $458.63.

Invesco QQQ 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.