Canada Pension Plan Investment Board Purchases 20,000 Shares of Invesco QQQ (NASDAQ:QQQ)

Canada Pension Plan Investment Board boosted its position in Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 1,800,000 shares of the exchange traded fund’s stock after buying an additional 20,000 shares during the quarter. Invesco QQQ accounts for approximately 0.8% of Canada Pension Plan Investment Board’s portfolio, making the stock its 19th biggest position. Canada Pension Plan Investment Board’s holdings in Invesco QQQ were worth $862,398,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QQQ. Vantage Financial Partners LLC grew its holdings in shares of Invesco QQQ by 68.0% in the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after purchasing an additional 11,957 shares during the last quarter. Concentrum Wealth Management raised its stake in shares of Invesco QQQ by 15.4% during the fourth quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after acquiring an additional 1,962 shares in the last quarter. Rollins Financial boosted its holdings in shares of Invesco QQQ by 11.8% in the fourth quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after purchasing an additional 19,785 shares during the period. Gryphon Financial Partners LLC boosted its holdings in shares of Invesco QQQ by 30.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after purchasing an additional 706 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Invesco QQQ by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $3,455,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.5 %

Shares of NASDAQ QQQ opened at $483.36 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The business has a fifty day simple moving average of $468.32 and a two-hundred day simple moving average of $458.07.

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.