Invesco QQQ (NASDAQ:QQQ) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,100 shares of the exchange traded fund’s stock after selling 41 shares during the period. Opal Wealth Advisors LLC’s holdings in Invesco QQQ were worth $488,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the first quarter worth about $29,000. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the 4th quarter worth about $35,000. Red Tortoise LLC increased its stake in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares in the last quarter. Friedenthal Financial purchased a new position in Invesco QQQ in the 4th quarter worth about $41,000. Finally, Robinson Capital Management LLC purchased a new position in Invesco QQQ in the 4th quarter worth about $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3 %

QQQ traded down $1.29 during trading on Friday, reaching $480.18. The company had a trading volume of 39,432,913 shares, compared to its average volume of 26,630,444. The firm’s 50-day simple moving average is $449.49 and its 200 day simple moving average is $433.85. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $486.86.

About Invesco QQQ

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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