LifePlan Financial Group Inc boosted its position in Invesco QQQ Trust (NASDAQ:QQQ) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,258 shares of the exchange traded fund’s stock after buying an additional 576 shares during the quarter. LifePlan Financial Group Inc’s holdings in Invesco QQQ Trust were worth $1,559,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Macroview Investment Management LLC raised 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 valued at $25,000 after purchasing an additional 1,200 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter valued at about $29,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter valued at about $44,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter valued at about $68,000. Finally, Lenox Wealth Management Inc. raised its stake in shares of Invesco QQQ Trust by 33.8% in the 2nd quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock valued at $88,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 45.92% of the company’s stock.
Shares of NASDAQ:QQQ traded up $2.80 during trading on Tuesday, reaching $193.89. 14,758,141 shares of the company’s stock traded hands, compared to its average volume of 31,068,122. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $195.55. The company has a 50 day moving average of $189.03 and a 200-day moving average of $186.72.
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.
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