Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Asset Management Group Inc.

Asset Management Group Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,365 shares of the exchange traded fund’s stock after acquiring an additional 747 shares during the period. Invesco QQQ comprises about 3.6% of Asset Management Group Inc.’s holdings, making the stock its 3rd biggest position. Asset Management Group Inc.’s holdings in Invesco QQQ were worth $19,340,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Prospect Financial Services LLC raised its position in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares in the last quarter. Sweeney & Michel LLC lifted its position in shares of Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares during the last quarter. Family Firm Inc. boosted its holdings in shares of Invesco QQQ by 3.1% in the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 22 shares in the last quarter. CarsonAllaria Wealth Management Ltd. grew its position in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Finally, Second Line Capital LLC raised its stake in Invesco QQQ by 2.6% during the 1st quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 24 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $482.44 on Friday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The firm has a fifty day moving average price of $468.07 and a 200 day moving average price of $458.33.

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.