Mountain Hill Investment Partners Corp. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Mountain Hill Investment Partners Corp. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 546 shares of the exchange traded fund’s stock, valued at approximately $279,000. Invesco QQQ accounts for about 0.3% of Mountain Hill Investment Partners Corp.’s holdings, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. raised its holdings in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. Icon Wealth Advisors LLC increased its position in shares of Invesco QQQ by 16.7% during the third quarter. Icon Wealth Advisors LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $528,000 after buying an additional 155 shares during the period. Nicolet Advisory Services LLC raised its stake in Invesco QQQ by 9.7% in the third quarter. Nicolet Advisory Services LLC now owns 1,200 shares of the exchange traded fund’s stock worth $578,000 after buying an additional 106 shares in the last quarter. Towercrest Capital Management raised its stake in Invesco QQQ by 30.2% in the third quarter. Towercrest Capital Management now owns 2,562 shares of the exchange traded fund’s stock worth $1,250,000 after buying an additional 595 shares in the last quarter. Finally, Lane & Associates LLC lifted its holdings in Invesco QQQ by 2.2% in the third quarter. Lane & Associates LLC now owns 2,016 shares of the exchange traded fund’s stock worth $984,000 after buying an additional 44 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $480.84 on Monday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The company has a market capitalization of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The business’s 50 day moving average price is $511.30 and its two-hundred day moving average price is $504.45.

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.