Greenwich Wealth Management LLC acquired a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) in the second quarter, HoldingsChannel.com reports. The fund acquired 44,696 shares of the exchange traded fund’s stock, valued at approximately $8,347,000. Invesco QQQ Trust makes up approximately 1.4% of Greenwich Wealth Management LLC’s portfolio, making the stock its 14th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its position in shares of Invesco QQQ Trust by 1.9% during the 1st quarter. Ironwood Wealth Management LLC. now owns 13,687 shares of the exchange traded fund’s stock valued at $2,459,000 after acquiring an additional 260 shares during the last quarter. Wealthstreet Investment Advisors LLC boosted its position in shares of Invesco QQQ Trust by 3.6% during the 1st quarter. Wealthstreet Investment Advisors LLC now owns 46,752 shares of the exchange traded fund’s stock valued at $8,399,000 after acquiring an additional 1,619 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of Invesco QQQ Trust during the 1st quarter valued at approximately $467,000. Johanson Financial Advisors Inc. boosted its position in shares of Invesco QQQ Trust by 7.1% during the 1st quarter. Johanson Financial Advisors Inc. now owns 6,231 shares of the exchange traded fund’s stock valued at $1,120,000 after acquiring an additional 413 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in shares of Invesco QQQ Trust by 4.6% during the 1st quarter. Cetera Advisors LLC now owns 136,022 shares of the exchange traded fund’s stock valued at $24,446,000 after acquiring an additional 6,004 shares during the last quarter. 45.92% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ QQQ traded up $1.47 during midday trading on Thursday, reaching $193.90. 1,858,825 shares of the stock traded hands, compared to its average volume of 33,600,797. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $195.55. The company’s 50 day moving average is $188.07 and its 200 day moving average is $184.50.

About Invesco QQQ Trust

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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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