Mirae Asset Securities USA Inc. Has $343.36 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Mirae Asset Securities USA Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 49.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 671,641 shares of the exchange traded fund’s stock after purchasing an additional 221,641 shares during the period. Invesco QQQ makes up 10.4% of Mirae Asset Securities USA Inc.’s portfolio, making the stock its largest holding. Mirae Asset Securities USA Inc. owned about 0.11% of Invesco QQQ worth $343,363,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Proficio Capital Partners LLC grew its stake in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares during the period. Strategic Financial Concepts LLC grew its position in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after purchasing an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.3 %

Shares of QQQ opened at $480.84 on Monday. The firm has a market capitalization of $303.05 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm has a fifty day moving average price of $511.30 and a 200-day moving average price of $504.45.

About Invesco QQQ

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.