Invesco QQQ (NASDAQ:QQQ) Shares Sold by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,952 shares of the exchange traded fund’s stock after selling 148 shares during the period. Waters Parkerson & CO. LLC’s holdings in Invesco QQQ were worth $2,373,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Up 2.5 %

Shares of 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 business 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.