Providence Capital Advisors LLC Makes New $76,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Providence Capital Advisors LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the second quarter, Holdings Channel.com reports. The firm purchased 158 shares of the exchange traded fund’s stock, valued at approximately $76,000.

Other institutional investors also recently bought and sold shares of the company. Atwater Malick LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at about $293,000. Westwood Holdings Group Inc. increased its position in Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after acquiring an additional 1,993 shares during the period. GenWealth Group Inc. increased its position in Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares during the period. Socha Financial Group LLC increased its position in Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares during the period. Finally, SVB Wealth LLC increased its position in Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.3 %

NASDAQ QQQ opened at $483.04 on Tuesday. The business’s 50 day moving average is $467.81 and its two-hundred day moving average is $458.89. Invesco QQQ has a 12-month low of $342.35 and a 12-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.