Rockport Wealth LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 22.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,610 shares of the exchange traded fund’s stock after buying an additional 1,768 shares during the quarter. Invesco QQQ makes up approximately 1.1% of Rockport Wealth LLC’s holdings, making the stock its 23rd largest holding. Rockport Wealth LLC’s holdings in Invesco QQQ were worth $5,904,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco QQQ by 11.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after purchasing an additional 375,581 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock valued at $1,843,749,000 after purchasing an additional 8,038 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock valued at $1,792,901,000 after purchasing an additional 64,025 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Invesco QQQ by 68.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after purchasing an additional 712,026 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Invesco QQQ by 0.5% in the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock valued at $827,346,000 after purchasing an additional 7,378 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Price Performance
QQQ stock opened at $705.88 on Tuesday. The business’s fifty day moving average is $630.32 and its 200-day moving average is $620.72. Invesco QQQ has a twelve month low of $505.58 and a twelve month high of $722.03.
Invesco QQQ Cuts Dividend
About Invesco QQQ
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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