Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Lazari Capital Management Inc.

Lazari Capital Management Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,451 shares of the exchange traded fund’s stock after buying an additional 57 shares during the quarter. Lazari Capital Management Inc.’s holdings in Invesco QQQ were worth $594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the fourth quarter worth approximately $35,000. Red Tortoise LLC increased its holdings in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the last quarter. Friedenthal Financial acquired a new stake in Invesco QQQ in the fourth quarter valued at $41,000. Robinson Capital Management LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $40,000. Finally, Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.5 %

QQQ stock traded up $2.47 during midday trading on Friday, reaching $479.19. 23,372,620 shares of the company were exchanged, compared to its average volume of 28,164,470. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $479.26. The stock’s 50-day simple moving average is $445.24 and its 200 day simple moving average is $429.91.

Invesco QQQ Company Profile

(Free Report)

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 (NASDAQ:QQQ)

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