Kaye Capital Management lifted its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 26.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 38,397 shares of the exchange traded fund’s stock after buying an additional 7,940 shares during the quarter. Invesco QQQ comprises approximately 7.4% of Kaye Capital Management’s investment portfolio, making the stock its 5th largest position. Kaye Capital Management’s holdings in Invesco QQQ were worth $17,049,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $1,580,776,000. CHURCHILL MANAGEMENT Corp grew its position in shares of Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after acquiring an additional 433,317 shares during the period. Comerica Bank purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at $140,657,000. Finally, Granite Bay Wealth Management LLC lifted its stake in shares of 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 valued at $451,075,000 after buying an additional 378,922 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 0.8 %
Shares of QQQ stock opened at $491.04 on Friday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $491.17. The company’s fifty day simple moving average is $459.98 and its two-hundred day simple moving average is $438.63.
Invesco QQQ Increases Dividend
About Invesco QQQ
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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