Invesco QQQ $QQQ Stock Position Boosted by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA increased its stake in Invesco QQQ by 10.8% in Q4, adding 2,501 shares to own 25,740 shares valued at about $15.53 million.
• Invesco QQQ opened at $593.02 and has a 12‑month range of $402.39 to $637.01, with a 50‑day moving average of $611.36 and a 200‑day moving average of $609.11.

Union Bancaire Privee UBP SA increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,740 shares of the exchange traded fund's stock after acquiring an additional 2,501 shares during the period. Union Bancaire Privee UBP SA's holdings in Invesco QQQ were worth $15,532,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth $25,000. Shcp LLC bought a new position in Invesco QQQ during the third quarter valued at about $27,000. Navigoe LLC boosted its stake in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock valued at $36,000 after buying an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Invesco QQQ during the third quarter worth about $40,000. Finally, PayPay Securities Corp raised its position in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $593.02 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The firm has a 50-day moving average of $611.36 and a two-hundred day moving average of $609.11.

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.

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