Maia Wealth LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,123 shares of the exchange traded fund’s stock after buying an additional 65 shares during the quarter. Maia Wealth LLC’s holdings in Invesco QQQ were worth $971,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wilkins Miller Wealth Management LLC purchased a new stake in Invesco QQQ during the fourth quarter worth approximately $1,018,000. Sentinus LLC lifted its stake in Invesco QQQ by 17.6% during the fourth quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund’s stock worth $3,307,000 after purchasing an additional 970 shares during the last quarter. Sendero Wealth Management LLC purchased a new stake in Invesco QQQ during the first quarter worth approximately $273,000. Cary Street Partners Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter worth approximately $10,052,000. Finally, Baird Financial Group Inc. lifted its stake in Invesco QQQ by 4.0% during the fourth quarter. Baird Financial Group Inc. now owns 327,433 shares of the exchange traded fund’s stock worth $167,394,000 after purchasing an additional 12,627 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 0.9%
Shares of NASDAQ QQQ opened at $574.55 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.77. The stock has a 50 day moving average of $549.00 and a two-hundred day moving average of $512.09.
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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