Invesco QQQ (NASDAQ:QQQ) is Mirae Asset Securities USA Inc.’s Largest Position

Mirae Asset Securities USA Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 49.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 671,641 shares of the exchange traded fund’s stock after purchasing an additional 221,641 shares during the period. Invesco QQQ accounts for about 10.4% of Mirae Asset Securities USA Inc.’s portfolio, making the stock its largest position. Mirae Asset Securities USA Inc.’s holdings in Invesco QQQ were worth $343,363,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after acquiring an additional 895,277 shares during the period. Toronto Dominion Bank raised its position in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. raised its position in shares of Invesco QQQ by 90.0% in the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after acquiring an additional 324,948 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $480.84 on Monday. The stock’s 50-day moving average is $511.30 and its 200 day moving average is $504.45. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market cap of $303.05 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ 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.