Thrivent Financial for Lutherans Buys 104,797 Shares of Invesco QQQ (NASDAQ:QQQ)

Thrivent Financial for Lutherans grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 101.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,255 shares of the exchange traded fund’s stock after acquiring an additional 104,797 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco QQQ were worth $99,778,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QQQ. Global Assets Advisory LLC bought a new position in shares of Invesco QQQ in the first quarter worth approximately $1,580,776,000. Steel Grove Capital Advisors LLC raised its holdings in 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 worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in 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 in the last quarter. Granite Bay Wealth Management LLC boosted its stake in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth $304,591,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock 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 business has a fifty day moving average price of $468.07 and a 200-day moving average price of $458.49.

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.