Invesco QQQ Trust (NASDAQ:QQQ) is Pacific Wealth Strategies Group Inc.’s 5th Largest Position

Pacific Wealth Strategies Group Inc. increased its position in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,506 shares of the exchange traded fund’s stock after purchasing an additional 744 shares during the quarter. Invesco QQQ Trust makes up about 6.2% of Pacific Wealth Strategies Group Inc.’s investment portfolio, making the stock its 5th largest holding. Pacific Wealth Strategies Group Inc.’s holdings in Invesco QQQ Trust were worth $4,661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Davidson Capital Management Inc. grew its stake in shares of Invesco QQQ Trust by 1.3% during the second quarter. Davidson Capital Management Inc. now owns 2,476 shares of the exchange traded fund’s stock valued at $694,000 after buying an additional 31 shares during the last quarter. Fiduciary Group LLC grew its stake in shares of Invesco QQQ Trust by 2.4% during the second quarter. Fiduciary Group LLC now owns 1,422 shares of the exchange traded fund’s stock valued at $461,000 after buying an additional 33 shares during the last quarter. NTB Financial Corp grew its stake in shares of Invesco QQQ Trust by 3.8% during the second quarter. NTB Financial Corp now owns 992 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 36 shares during the last quarter. Affiance Financial LLC grew its stake in shares of Invesco QQQ Trust by 4.0% during the third quarter. Affiance Financial LLC now owns 1,002 shares of the exchange traded fund’s stock valued at $268,000 after buying an additional 39 shares during the last quarter. Finally, Bartlett & Co. LLC grew its stake in shares of Invesco QQQ Trust by 1.2% during the fourth quarter. Bartlett & Co. LLC now owns 3,282 shares of the exchange traded fund’s stock valued at $874,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 43.08% of the company’s stock.

Invesco QQQ Trust Stock Down 0.5 %

QQQ opened at $305.36 on Friday. The stock’s 50 day moving average price is $294.12 and its 200-day moving average price is $284.38. Invesco QQQ Trust has a one year low of $254.26 and a one year high of $371.83.

Invesco QQQ Trust Company Profile

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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.