Gradient Investments LLC Increases Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Gradient Investments LLC lifted its position in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,718 shares of the exchange traded fund’s stock after buying an additional 73 shares during the period. Gradient Investments LLC’s holdings in Invesco QQQ Trust were worth $1,322,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QQQ. Sandbox Financial Partners LLC boosted its stake in shares of Invesco QQQ Trust by 1.6% in the 1st quarter. Sandbox Financial Partners LLC now owns 1,828 shares of the exchange traded fund’s stock valued at $663,000 after purchasing an additional 29 shares in the last quarter. Prio Wealth Limited Partnership boosted its position in Invesco QQQ Trust by 2.2% during the 4th quarter. Prio Wealth Limited Partnership now owns 1,419 shares of the exchange traded fund’s stock worth $565,000 after buying an additional 30 shares during the period. Horrell Capital Management Inc. lifted its position in shares of Invesco QQQ Trust by 10.0% in the 1st quarter. Horrell Capital Management Inc. now owns 330 shares of the exchange traded fund’s stock worth $120,000 after purchasing an additional 30 shares during the period. CWA Asset Management Group LLC lifted its position in shares of Invesco QQQ Trust by 1.2% in the 4th quarter. CWA Asset Management Group LLC now owns 2,682 shares of the exchange traded fund’s stock worth $1,067,000 after purchasing an additional 31 shares during the period. Finally, Hudson Portfolio Management LLC lifted its position in shares of Invesco QQQ Trust by 2.4% in the 4th quarter. Hudson Portfolio Management LLC now owns 1,328 shares of the exchange traded fund’s stock worth $528,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 41.46% of the company’s stock.

Invesco QQQ Trust Stock Performance

Shares of NASDAQ QQQ opened at $291.05 on Tuesday. The company’s 50 day moving average price is $307.51 and its 200-day moving average price is $313.54. Invesco QQQ Trust has a 52-week low of $269.28 and a 52-week high of $408.71.

Invesco QQQ Trust Profile

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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 Trust (NASDAQ:QQQ)

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