Callan Capital LLC Acquires 365 Shares of Invesco QQQ (NASDAQ:QQQ)

Callan Capital LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,508 shares of the exchange traded fund’s stock after purchasing an additional 365 shares during the quarter. Callan Capital LLC’s holdings in Invesco QQQ were worth $1,681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Vantage Financial Partners LLC grew its stake in shares of Invesco QQQ by 68.0% during the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock valued at $12,101,000 after purchasing an additional 11,957 shares during the last quarter. Concentrum Wealth Management boosted its position in 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 buying an additional 1,962 shares during the last quarter. Rollins Financial increased its stake in shares of Invesco QQQ by 11.8% in the 4th quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after buying an additional 19,785 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of Invesco QQQ by 30.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after buying an additional 706 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Invesco QQQ by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $3,455,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.5 %

Shares of NASDAQ:QQQ opened at $483.36 on Friday. The company has a 50 day moving average of $468.32 and a 200-day moving average of $458.07. Invesco QQQ has a one year low of $342.35 and a one year 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.