Nabity Jensen Investment Management Inc boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,047 shares of the exchange traded fund’s stock after buying an additional 318 shares during the quarter. Invesco QQQ comprises approximately 5.4% of Nabity Jensen Investment Management Inc’s investment portfolio, making the stock its 4th largest holding. Nabity Jensen Investment Management Inc’s holdings in Invesco QQQ were worth $7,181,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Founders Grove Wealth Partners LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $270,000. Moseley Investment Management Inc. increased its position in shares of Invesco QQQ by 1.6% during the fourth quarter. Moseley Investment Management Inc. now owns 1,677 shares of the exchange traded fund’s stock worth $857,000 after buying an additional 26 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in Invesco QQQ by 139.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,275 shares of the exchange traded fund’s stock worth $6,789,000 after buying an additional 7,737 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Invesco QQQ by 34.4% in the fourth quarter. Park Avenue Securities LLC now owns 29,034 shares of the exchange traded fund’s stock valued at $14,843,000 after buying an additional 7,438 shares during the period. Finally, Kathmere Capital Management LLC bought a new stake in Invesco QQQ during the fourth quarter valued at $373,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 2.3 %
Shares of Invesco QQQ stock opened at $516.67 on Thursday. The business has a 50-day moving average price of $515.57 and a two-hundred day moving average price of $491.47. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.
Invesco QQQ Announces Dividend
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.
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