Invesco QQQ (NASDAQ:QQQ) Shares Sold by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.2% during the second quarter, Holdings Channel reports. The institutional investor owned 20,882 shares of the exchange traded fund’s stock after selling 2,120 shares during the quarter. Invesco QQQ comprises 7.3% of WealthTrust Asset Management LLC’s investment portfolio, making the stock its 2nd biggest holding. WealthTrust Asset Management LLC’s holdings in Invesco QQQ were worth $10,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Assets Advisory LLC purchased a new position in Invesco QQQ in the first quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC increased its stake in Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Invesco QQQ by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock worth $1,219,115,000 after purchasing an additional 64,401 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Invesco QQQ by 10.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock valued at $1,073,929,000 after purchasing an additional 206,608 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.5 %

NASDAQ:QQQ opened at $483.36 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The stock has a fifty day simple moving average of $468.32 and a 200-day simple moving average of $458.07.

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.