Principle Wealth Partners LLC grew its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,010 shares of the exchange traded fund’s stock after acquiring an additional 223 shares during the quarter. Principle Wealth Partners LLC’s holdings in Invesco QQQ Trust were worth $1,324,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in QQQ. Morgan Stanley boosted its stake in shares of Invesco QQQ Trust by 59.8% during the 2nd quarter. Morgan Stanley now owns 17,764,053 shares of the exchange traded fund’s stock worth $3,317,260,000 after buying an additional 6,650,061 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Invesco QQQ Trust during the second quarter valued at $8,993,000. Thoroughbred Financial Services LLC boosted its stake in shares of Invesco QQQ Trust by 19,082.5% during the second quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock valued at $591,952,000 after purchasing an additional 5,888,658 shares during the period. Varma Mutual Pension Insurance Co boosted its stake in shares of Invesco QQQ Trust by 796.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 5,838,234 shares of the exchange traded fund’s stock valued at $1,102,316,000 after purchasing an additional 5,186,643 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Invesco QQQ Trust by 3.2% during the third quarter. Envestnet Asset Management Inc. now owns 1,589,143 shares of the exchange traded fund’s stock valued at $300,046,000 after purchasing an additional 48,873 shares during the period. Institutional investors own 42.79% of the company’s stock.
Shares of QQQ traded up $0.80 during trading hours on Friday, reaching $201.23. 15,258,500 shares of the company traded hands, compared to its average volume of 32,049,098. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $201.72. The stock’s fifty day moving average price is $192.35 and its 200 day moving average price is $188.20.
Invesco QQQ Trust 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.
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