U.S. Capital Wealth Advisors LLC has increased its holdings in the Invesco QQQ ETF by 1.8% during the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the firm now owns a total of 64,019 shares after acquiring an additional 1,105 shares during this period. This investment represents approximately 1.0% of U.S. Capital Wealth Advisors’ overall portfolio, making Invesco QQQ its 11th largest position.
As of the latest disclosure, U.S. Capital Wealth Advisors’ stake in Invesco QQQ is valued at approximately $38,435,000. The increase in holdings reflects a broader trend among institutional investors, with several large firms adjusting their positions in the ETF.
Institutional Investor Activity
Orgel Wealth Management LLC has also increased its stake in Invesco QQQ by 4.7% in the third quarter, bringing its total to 382 shares valued at $229,000 after acquiring an additional 17 shares. Similarly, Compass Financial Services Inc. grew its holdings by 0.4% during the first quarter, now owning 5,001 shares worth $2,345,000 after purchasing an additional 19 shares.
Other notable increases include Beacon Financial Group, which boosted its stake by 1.2%, now owning 1,545 shares valued at $927,000, and Bath Savings Trust Co, which increased its stake by 2.6% to 755 shares worth $453,000. Vermillion Wealth Management Inc. also saw a 4.2% increase in its position during the second quarter, owning 491 shares valued at $271,000. Overall, institutional investors currently hold 44.58% of Invesco QQQ’s stock.
Invesco QQQ Performance
On the trading front, Invesco QQQ opened at $617.05 on Friday. The ETF has shown stability with a 50-day moving average price of $614.14 and a 200-day moving average price of $583.28. Over the past year, Invesco QQQ has experienced a range of $402.39 to $637.01, highlighting the volatility and potential for growth within this investment vehicle.
Invesco QQQ, also known as PowerShares QQQ Trust, Series 1, is designed to track the performance of the Nasdaq-100 Index. The trust allows investors to participate in the performance of the largest non-financial companies listed on the Nasdaq stock market. It offers a unique opportunity for investors to gain exposure to a diversified portfolio of leading technology and growth-oriented firms.
This increase in holdings by U.S. Capital Wealth Advisors and other institutional investors underscores continued confidence in the Invesco QQQ ETF as a strategic investment choice. With its robust performance and significant market presence, Invesco QQQ remains a pivotal option for investors looking to capitalize on the technology sector’s growth.
