Invesco QQQ (NASDAQ:QQQ) Shares Bought by Advance Capital Management Inc.

Advance Capital Management Inc. grew its position in Invesco QQQ (NASDAQ:QQQFree Report) by 30.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,664 shares of the exchange traded fund’s stock after acquiring an additional 1,544 shares during the period. Invesco QQQ makes up 0.2% of Advance Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Advance Capital Management Inc.’s holdings in Invesco QQQ were worth $2,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the period. Comerica Bank acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $140,657,000. Granite Bay Wealth Management LLC increased its stake in Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after buying an additional 378,922 shares during the period. CHURCHILL MANAGEMENT Corp raised its stake in shares of Invesco QQQ by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock valued at $578,680,000 after acquiring an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Invesco QQQ by 77.2% in the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after purchasing an additional 367,317 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.0 %

Shares of Invesco QQQ stock opened at $485.21 on Wednesday. The company has a 50 day moving average of $446.99 and a 200 day moving average of $431.82. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $486.86.

Invesco QQQ 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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