Crowley Wealth Management Inc. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Crowley Wealth Management Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 200 shares of the exchange traded fund’s stock, valued at approximately $102,000.

Several other hedge funds have also modified their holdings of the stock. Stephens Consulting LLC boosted its position in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after buying an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC raised its position in shares of Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after acquiring an additional 20 shares during the last quarter. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC raised its holdings in Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $480.84 on Monday. The company has a market cap of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The firm has a 50 day simple moving average of $511.30 and a 200 day simple moving average of $504.45. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

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.