Sovereign Investment Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 6,762.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,303 shares of the exchange traded fund’s stock after buying an additional 49,570 shares during the period. Invesco QQQ accounts for 7.7% of Sovereign Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Sovereign Investment Advisors LLC’s holdings in Invesco QQQ were worth $30,902,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the stock. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. Shcp LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at $27,000. Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Trading Up 3.1%
QQQ stock opened at $744.00 on Tuesday. The company has a fifty day moving average price of $684.09 and a 200 day moving average price of $636.34. Invesco QQQ has a 12 month low of $523.65 and a 12 month high of $748.65.
Invesco QQQ Cuts Dividend
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.
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