CFM Wealth Partners LLC reduced its position in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,549 shares of the exchange traded fund’s stock after selling 407 shares during the period. Invesco QQQ Trust accounts for about 1.1% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 18th biggest position. CFM Wealth Partners LLC’s holdings in Invesco QQQ Trust were worth $3,797,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Invesco QQQ Trust by 1.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,500,725 shares of the exchange traded fund’s stock worth $2,719,312,000 after acquiring an additional 74,380 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Invesco QQQ Trust by 150.3% during the first quarter. JPMorgan Chase & Co. now owns 5,240,784 shares of the exchange traded fund’s stock worth $1,899,993,000 after acquiring an additional 3,146,789 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco QQQ Trust by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,987,043 shares of the exchange traded fund’s stock valued at $1,808,003,000 after acquiring an additional 127,231 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco QQQ Trust by 6.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,827,713 shares of the exchange traded fund’s stock valued at $1,025,159,000 after purchasing an additional 164,952 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Invesco QQQ Trust by 8.9% in the first quarter. Fisher Asset Management LLC now owns 2,399,893 shares of the exchange traded fund’s stock worth $870,057,000 after purchasing an additional 195,182 shares in the last quarter. 41.46% of the stock is owned by institutional investors.
Invesco QQQ Trust Stock Down 0.6 %
Shares of NASDAQ QQQ opened at $289.32 on Monday. Invesco QQQ Trust has a twelve month low of $269.28 and a twelve month high of $408.71. The business has a fifty day simple moving average of $307.51 and a two-hundred day simple moving average of $313.54.
Invesco QQQ Trust 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.
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