Advisory Resource Group Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Advisory Resource Group lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,371 shares of the exchange traded fund’s stock after purchasing an additional 627 shares during the quarter. Invesco QQQ comprises about 1.2% of Advisory Resource Group’s portfolio, making the stock its 13th largest holding. Advisory Resource Group’s holdings in Invesco QQQ were worth $4,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Moneta Group Investment Advisors LLC grew its stake in shares of Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares during the period. Morgan Stanley grew its stake in shares of Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Invesco QQQ by 3.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,761,075 shares of the exchange traded fund’s stock worth $1,527,972,000 after purchasing an additional 167,217 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco QQQ by 1.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,012,198 shares of the exchange traded fund’s stock worth $802,145,000 after purchasing an additional 32,891 shares during the period. Finally, Advisor Group Holdings Inc. grew its stake in shares of Invesco QQQ by 3.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,458,828 shares of the exchange traded fund’s stock worth $520,925,000 after purchasing an additional 71,410 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $0.83 during midday trading on Monday, reaching $369.98. 5,156,421 shares of the stock were exchanged, compared to its average volume of 53,449,273. Invesco QQQ has a twelve month low of $254.26 and a twelve month high of $387.98. The firm has a 50-day simple moving average of $373.20 and a two-hundred day simple moving average of $348.47.

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.