Invesco QQQ $QQQ is Marshall Financial Group LLC’s 4th Largest Position

Marshall Financial Group LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 110.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,427 shares of the exchange traded fund’s stock after buying an additional 14,369 shares during the period. Invesco QQQ comprises about 3.2% of Marshall Financial Group LLC’s investment portfolio, making the stock its 4th biggest position. Marshall Financial Group LLC’s holdings in Invesco QQQ were worth $16,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in QQQ. YHB Investment Advisors Inc. grew its position in Invesco QQQ by 3.6% in the third quarter. YHB Investment Advisors Inc. now owns 7,451 shares of the exchange traded fund’s stock worth $4,473,000 after acquiring an additional 258 shares in the last quarter. Teamwork Financial Advisors LLC lifted its stake in Invesco QQQ by 12.3% during the third quarter. Teamwork Financial Advisors LLC now owns 2,418 shares of the exchange traded fund’s stock worth $1,452,000 after purchasing an additional 264 shares during the last quarter. Armstrong Advisory Group Inc. boosted its holdings in shares of Invesco QQQ by 5.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 9,228 shares of the exchange traded fund’s stock worth $5,540,000 after purchasing an additional 477 shares in the last quarter. Fiduciary Alliance LLC increased its position in shares of Invesco QQQ by 5.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 14,910 shares of the exchange traded fund’s stock valued at $8,952,000 after purchasing an additional 777 shares during the last quarter. Finally, Wealth Group Ltd raised its holdings in shares of Invesco QQQ by 62.0% during the 3rd quarter. Wealth Group Ltd now owns 39,898 shares of the exchange traded fund’s stock valued at $23,954,000 after buying an additional 15,269 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $609.11 on Friday. The business has a 50 day moving average of $613.59 and a 200 day moving average of $582.63. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

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.