Invesco QQQ $QQQ Position Raised by TCP Asset Management LLC

TCP Asset Management LLC grew its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,024 shares of the exchange traded fund’s stock after purchasing an additional 1,680 shares during the period. Invesco QQQ makes up about 5.9% of TCP Asset Management LLC’s portfolio, making the stock its 4th biggest position. TCP Asset Management LLC’s holdings in Invesco QQQ were worth $35,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Jupiter Wealth Management LLC bought a new position in Invesco QQQ during the second quarter valued at $290,000. Wealth Group Ltd. increased its position in Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares during the last quarter. Finally, Howe & Rusling Inc. raised its stake in shares of Invesco QQQ by 24.0% in the second quarter. Howe & Rusling Inc. now owns 718 shares of the exchange traded fund’s stock valued at $396,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $582.06 on Friday. The firm has a 50-day moving average price of $610.46 and a 200-day moving average price of $609.19. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

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Invesco QQQ Company Profile

(Free Report)

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

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