GM Advisory Group LLC Acquires 104 Shares of Invesco QQQ (NASDAQ:QQQ)

GM Advisory Group LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,928 shares of the exchange traded fund’s stock after buying an additional 104 shares during the quarter. GM Advisory Group LLC’s holdings in Invesco QQQ were worth $924,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QQQ. Vantage Financial Partners LLC lifted its holdings in Invesco QQQ by 68.0% in the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after buying an additional 11,957 shares during the period. Concentrum Wealth Management lifted its stake in shares of 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 purchasing an additional 1,962 shares during the period. Rollins Financial lifted 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 purchasing an additional 19,785 shares during the period. Gryphon Financial Partners LLC boosted its position in shares of Invesco QQQ by 30.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after purchasing an additional 706 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Invesco QQQ by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $3,455,000 after purchasing an additional 102 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 2.5 %

QQQ opened at $483.36 on Friday. The stock has a fifty day simple moving average of $468.32 and a two-hundred day simple moving average of $458.07. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

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.