Yanni & Associates Investment Advisors LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 6,993 shares of the exchange traded fund’s stock, valued at approximately $4,296,000. Invesco QQQ makes up approximately 4.3% of Yanni & Associates Investment Advisors LLC’s portfolio, making the stock its 10th biggest position.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Invesco QQQ by 120.2% during the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after purchasing an additional 1,270,102 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its holdings in Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco QQQ by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after purchasing an additional 375,581 shares in the last quarter. NorthRock Partners LLC increased its holdings in Invesco QQQ by 1,355.6% during the 3rd quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after purchasing an additional 283,909 shares in the last quarter. Finally, BXM Wealth LLC increased its holdings in Invesco QQQ by 1,744.9% during the 4th quarter. BXM Wealth LLC now owns 219,962 shares of the exchange traded fund’s stock worth $135,125,000 after purchasing an additional 208,039 shares in the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
Shares of QQQ opened at $705.88 on Tuesday. The stock has a 50 day moving average price of $630.32 and a two-hundred day moving average price of $620.72. Invesco QQQ has a 52 week low of $505.58 and a 52 week high of $722.03.
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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