Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Kiely Wealth Advisory Group Inc.

Kiely Wealth Advisory Group Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ) by 5.7% during the second quarter, HoldingsChannel reports. The firm owned 4,365 shares of the exchange traded fund’s stock after buying an additional 234 shares during the quarter. Invesco QQQ accounts for about 1.1% of Kiely Wealth Advisory Group Inc.’s investment portfolio, making the stock its 9th largest holding. Kiely Wealth Advisory Group Inc.’s holdings in Invesco QQQ were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Global Assets Advisory LLC acquired a new stake in Invesco QQQ in the first quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC lifted its stake in shares of Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after acquiring an additional 2,762,571 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco QQQ by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after acquiring an additional 64,401 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Invesco QQQ by 10.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock worth $1,073,929,000 after acquiring an additional 206,608 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.2 %

Shares of QQQ opened at $482.44 on Friday. The business has a 50-day simple moving average of $468.07 and a two-hundred day simple moving average of $458.33. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ 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.