Boston Research & Management Inc. Trims Position in Invesco QQQ (NASDAQ:QQQ)

Boston Research & Management Inc. reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 783 shares of the exchange traded fund’s stock after selling 34 shares during the period. Boston Research & Management Inc.’s holdings in Invesco QQQ were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Atwater Malick LLC acquired a new stake in Invesco QQQ during the first quarter worth about $293,000. Westwood Holdings Group Inc. boosted its holdings in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares in the last quarter. GenWealth Group Inc. grew its position in Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares during the period. Socha Financial Group LLC increased its holdings in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC boosted its stake in shares of Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

NASDAQ QQQ opened at $482.44 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock has a 50-day moving average of $468.07 and a 200 day moving average of $458.33.

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.