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

Worth Asset Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.3% in the second quarter, HoldingsChannel.com reports. The firm owned 1,761 shares of the exchange traded fund’s stock after selling 139 shares during the quarter. Worth Asset Management LLC’s holdings in Invesco QQQ were worth $651,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QQQ. Moneta Group Investment Advisors LLC raised its holdings in shares of Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares during the last quarter. Morgan Stanley raised its holdings in shares of Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco QQQ by 3.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,761,075 shares of the exchange traded fund’s stock valued at $1,527,972,000 after acquiring an additional 167,217 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco QQQ by 1.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,012,198 shares of the exchange traded fund’s stock valued at $802,145,000 after acquiring an additional 32,891 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its position in shares of Invesco QQQ by 3.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,458,828 shares of the exchange traded fund’s stock valued at $520,925,000 after purchasing an additional 71,410 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $369.08 on Monday. The business has a 50 day simple moving average of $373.20 and a 200-day simple moving average of $348.47. Invesco QQQ has a 1 year low of $254.26 and a 1 year high of $387.98.

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.