GM Advisory Group LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

GM Advisory Group LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% in the second quarter, Holdings Channel reports. The institutional investor owned 1,928 shares of the exchange traded fund’s stock after buying an additional 104 shares during the quarter. GM Advisory Group LLC’s holdings in Invesco QQQ were worth $924,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Prospect Financial Services LLC boosted its stake in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after purchasing an additional 21 shares in the last quarter. Sweeney & Michel LLC lifted its stake in shares of Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares in the last quarter. Family Firm Inc. lifted its stake in shares of Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 22 shares in the last quarter. CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Invesco QQQ by 30.4% during the first 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 increased its position in shares of Invesco QQQ by 2.6% during the first quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock valued at $422,000 after acquiring an additional 24 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $483.36 on Friday. The company has a 50 day moving average of $468.32 and a 200 day moving average of $458.07. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

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.