Strategic Wealth Partners Ltd. Takes $730,000 Position in Invesco QQQ Trust (QQQ)

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Strategic Wealth Partners Ltd. purchased a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,252 shares of the exchange traded fund’s stock, valued at approximately $730,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Neuberger Berman Group LLC lifted its position in Invesco QQQ Trust by 11.8% in the first quarter. Neuberger Berman Group LLC now owns 112,630 shares of the exchange traded fund’s stock valued at $18,036,000 after purchasing an additional 11,905 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Invesco QQQ Trust by 497.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,285 shares of the exchange traded fund’s stock valued at $4,850,000 after purchasing an additional 25,213 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its position in Invesco QQQ Trust by 16.5% in the first quarter. Analyst IMS Investment Management Services Ltd. now owns 220,410 shares of the exchange traded fund’s stock valued at $35,295,000 after purchasing an additional 31,174 shares during the period. Gator Capital Management LLC acquired a new stake in Invesco QQQ Trust in the first quarter valued at about $2,050,000. Finally, Wagner Wealth Management LLC lifted its position in Invesco QQQ Trust by 40.7% in the first quarter. Wagner Wealth Management LLC now owns 5,230 shares of the exchange traded fund’s stock valued at $838,000 after purchasing an additional 1,513 shares during the period. 39.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:QQQ opened at $184.72 on Friday. Invesco QQQ Trust has a 52 week low of $142.10 and a 52 week high of $187.52.

About Invesco QQQ Trust

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.

Further Reading: Moving Average (MA)

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

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

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