Summit Trail Advisors LLC Sells 63 Shares of Invesco QQQ (NASDAQ:QQQ)

Summit Trail Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,623 shares of the exchange traded fund’s stock after selling 63 shares during the quarter. Summit Trail Advisors LLC’s holdings in Invesco QQQ were worth $7,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capstone Triton Financial Group LLC bought a new position in Invesco QQQ in the 2nd quarter worth $202,000. Kiely Wealth Advisory Group Inc. grew its position in shares of Invesco QQQ by 5.7% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 4,365 shares of the exchange traded fund’s stock valued at $1,947,000 after purchasing an additional 234 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Invesco QQQ by 14.9% in the second quarter. Ameritas Investment Partners Inc. now owns 31,558 shares of the exchange traded fund’s stock worth $15,120,000 after purchasing an additional 4,085 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Invesco QQQ by 101.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 208,255 shares of the exchange traded fund’s stock worth $99,778,000 after purchasing an additional 104,797 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its stake in Invesco QQQ by 11.5% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 27,409 shares of the exchange traded fund’s stock valued at $13,171,000 after purchasing an additional 2,817 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2 %

QQQ opened at $482.44 on Friday. The stock’s 50 day moving average price is $468.07 and its two-hundred day moving average price is $458.33. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

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.