Ameliora Wealth Management Ltd. raised its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 15.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,290 shares of the exchange traded fund’s stock after acquiring an additional 1,000 shares during the period. Invesco QQQ makes up 1.5% of Ameliora Wealth Management Ltd.’s holdings, making the stock its 23rd biggest holding. Ameliora Wealth Management Ltd.’s holdings in Invesco QQQ were worth $3,237,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $29,000. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Red Tortoise LLC boosted its holdings in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the period. Robinson Capital Management LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $40,000. Finally, Friedenthal Financial bought a new position in Invesco QQQ in the 4th quarter worth about $41,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
NASDAQ QQQ opened at $479.11 on Friday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $487.20. The company has a 50-day moving average price of $454.85 and a two-hundred day moving average price of $436.27.
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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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