Starfire Investment Advisers Inc. grew its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 7.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,624 shares of the exchange traded fund’s stock after purchasing an additional 4,041 shares during the period. Invesco QQQ Trust makes up about 4.7% of Starfire Investment Advisers Inc.’s investment portfolio, making the stock its 2nd largest position. Starfire Investment Advisers Inc.’s holdings in Invesco QQQ Trust were worth $11,446,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Macroview Investment Management LLC increased its stake in shares of Invesco QQQ Trust by 112.7% in the 2nd quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 1,200 shares in the last quarter. Larson Financial Group LLC purchased a new position in Invesco QQQ Trust during the 2nd quarter valued at about $29,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Invesco QQQ Trust during the 2nd quarter valued at about $44,000. Prestige Wealth Management Group LLC purchased a new position in Invesco QQQ Trust during the 2nd quarter valued at about $68,000. Finally, Lenox Wealth Management Inc. increased its holdings in Invesco QQQ Trust by 33.8% during the 2nd quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock valued at $88,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 45.92% of the company’s stock.
NASDAQ:QQQ traded up $1.20 during mid-day trading on Tuesday, hitting $192.29. 3,094,242 shares of the company’s stock traded hands, compared to its average volume of 31,068,122. The firm’s 50 day simple moving average is $189.03 and its 200 day simple moving average is $186.72. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $195.55.
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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