Balanced Wealth Group LLC Sells 8,443 Shares of Invesco QQQ (NASDAQ:QQQ)

Balanced Wealth Group LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,539 shares of the exchange traded fund’s stock after selling 8,443 shares during the quarter. Invesco QQQ accounts for approximately 7.0% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Balanced Wealth Group LLC’s holdings in Invesco QQQ were worth $28,211,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter worth about $28,000. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ in the 1st quarter worth approximately $29,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ in the second quarter valued at approximately $30,000. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $35,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $482.44 on Friday. The stock’s fifty day simple moving average is $468.07 and its two-hundred day simple moving average is $458.33. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Company 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.