Fidelis Capital Partners LLC Reduces Stake in Invesco QQQ (NASDAQ:QQQ)

Fidelis Capital Partners LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,508 shares of the exchange traded fund’s stock after selling 231 shares during the period. Fidelis Capital Partners LLC’s holdings in Invesco QQQ were worth $2,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Atwater Malick LLC bought a new position in Invesco QQQ during the 1st quarter valued at about $293,000. Westwood Holdings Group Inc. grew its stake in shares of 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 valued at $7,173,000 after buying an additional 1,993 shares during the last quarter. GenWealth Group Inc. grew its stake in shares of 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 last quarter. Socha Financial Group LLC raised its holdings in shares of 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 worth $39,494,000 after buying an additional 1,153 shares during the period. Finally, SVB Wealth LLC lifted 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 during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.2 %

Shares of Invesco QQQ stock opened at $482.44 on Friday. The stock’s fifty day moving average is $468.07 and its two-hundred day moving average is $458.49. Invesco QQQ has a 52 week low of $342.35 and a 52 week 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.