XML Financial LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

XML Financial LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 35.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,198 shares of the exchange traded fund’s stock after purchasing an additional 2,411 shares during the quarter. XML Financial LLC’s holdings in Invesco QQQ were worth $4,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Tallon Kerry Patrick purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $4,904,000. Naviter Wealth LLC lifted its stake in shares of Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock worth $675,000 after acquiring an additional 107 shares during the last quarter. Eagle Capital Management LLC lifted its stake in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after acquiring an additional 185 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $14,209,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $526.83 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a 50 day moving average price of $500.57 and a 200 day moving average price of $503.16.

Invesco QQQ 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.