Ameritas Investment Partners Inc. Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Ameritas Investment Partners Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,558 shares of the exchange traded fund’s stock after buying an additional 4,085 shares during the period. Invesco QQQ comprises about 0.9% of Ameritas Investment Partners Inc.’s holdings, making the stock its 19th largest position. Ameritas Investment Partners Inc.’s holdings in Invesco QQQ were worth $15,120,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ in the first quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $29,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter worth about $30,000. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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 $458.33.

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.