Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Grandview Asset Management LLC

Grandview Asset Management LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,468 shares of the exchange traded fund’s stock after acquiring an additional 914 shares during the period. Invesco QQQ makes up approximately 3.7% of Grandview Asset Management LLC’s holdings, making the stock its 6th largest holding. Grandview Asset Management LLC’s holdings in Invesco QQQ were worth $8,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Grassi Investment Management grew its stake in shares of Invesco QQQ by 0.5% in the 1st quarter. Grassi Investment Management now owns 11,386 shares of the exchange traded fund’s stock valued at $5,055,000 after purchasing an additional 56 shares during the period. Weitzel Financial Services Inc. grew its position in Invesco QQQ by 38.4% during the 1st quarter. Weitzel Financial Services Inc. now owns 8,951 shares of the exchange traded fund’s stock worth $3,971,000 after acquiring an additional 2,484 shares during the last quarter. Wedmont Private Capital grew its position in Invesco QQQ by 0.6% during the 1st quarter. Wedmont Private Capital now owns 17,990 shares of the exchange traded fund’s stock worth $7,956,000 after acquiring an additional 101 shares during the last quarter. Signal Advisors Wealth LLC grew its position in Invesco QQQ by 33.6% during the 1st quarter. Signal Advisors Wealth LLC now owns 32,309 shares of the exchange traded fund’s stock worth $14,346,000 after acquiring an additional 8,128 shares during the last quarter. Finally, Safeguard Financial LLC grew its position in Invesco QQQ by 18.4% during the 1st quarter. Safeguard Financial LLC now owns 2,640 shares of the exchange traded fund’s stock worth $1,172,000 after acquiring an additional 411 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.4 %

NASDAQ:QQQ traded down $1.69 during trading hours on Friday, hitting $479.78. 21,238,895 shares of the stock were exchanged, compared to its average volume of 41,370,711. The company’s 50 day moving average is $448.65 and its two-hundred day moving average is $432.54. Invesco QQQ has a twelve month low of $342.35 and a twelve month 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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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