Invesco QQQ (NASDAQ:QQQ) Position Decreased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,157 shares of the exchange traded fund’s stock after selling 278 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ in the first quarter worth approximately $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at about $29,000. Legacy Bridge LLC grew its position in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ in the fourth quarter worth $35,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2 %

Shares of Invesco QQQ stock opened at $482.44 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The stock has a 50 day moving average price of $468.07 and a two-hundred day moving average price of $458.49.

Invesco QQQ Profile

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.