Madison Park Capital Advisors LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Madison Park Capital Advisors LLC lifted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,064 shares of the exchange traded fund’s stock after buying an additional 145 shares during the period. Invesco QQQ makes up approximately 3.9% of Madison Park Capital Advisors LLC’s holdings, making the stock its 12th largest holding. Madison Park Capital Advisors LLC’s holdings in Invesco QQQ were worth $4,469,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $35,000. Red Tortoise LLC boosted its position in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares in the last quarter. Friedenthal Financial bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $41,000. Robinson Capital Management LLC bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $40,000. Finally, Bear Mountain Capital Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $0.15 during mid-day trading on Wednesday, reaching $485.21. The company had a trading volume of 24,438,565 shares, compared to its average volume of 28,171,930. The firm has a 50-day moving average price of $446.99 and a 200 day moving average price of $431.82. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $486.86.

About Invesco QQQ

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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