Moneta Group Investment Advisors LLC acquired a new position in Invesco QQQ Trust (NASDAQ:QQQ) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 166,993 shares of the exchange traded fund’s stock, valued at approximately $845,000.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Meridian Wealth Management LLC raised its position in shares of Invesco QQQ Trust by 2.3% in the 1st quarter. Meridian Wealth Management LLC now owns 66,389 shares of the exchange traded fund’s stock worth $11,927,000 after acquiring an additional 1,515 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Invesco QQQ Trust by 15.3% in the first quarter. Stratos Wealth Partners LTD. now owns 151,048 shares of the exchange traded fund’s stock worth $27,137,000 after acquiring an additional 20,047 shares during the period. Fusion Family Wealth LLC grew its holdings in shares of Invesco QQQ Trust by 6.2% in the second quarter. Fusion Family Wealth LLC now owns 135,970 shares of the exchange traded fund’s stock worth $25,391,000 after acquiring an additional 7,993 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Invesco QQQ Trust by 2.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,919,483 shares of the exchange traded fund’s stock valued at $344,869,000 after acquiring an additional 49,503 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its position in Invesco QQQ Trust by 80.2% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 2,920 shares of the exchange traded fund’s stock valued at $525,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 45.92% of the company’s stock.

Shares of NASDAQ QQQ traded up $1.21 during midday trading on Wednesday, hitting $191.85. 7,752,096 shares of the company’s stock traded hands, compared to its average volume of 28,154,970. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $195.55. The firm has a fifty day moving average of $188.08 and a 200 day moving average of $184.41.

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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