Centerpoint Advisory Group cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,298 shares of the exchange traded fund's stock after selling 900 shares during the quarter. Centerpoint Advisory Group's holdings in Invesco QQQ were worth $609,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Banque Transatlantique SA acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $57,000. Finally, Perritt Capital Management Inc acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $61,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of QQQ stock opened at $526.83 on Monday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The business has a 50 day simple moving average of $500.57 and a 200 day simple moving average of $503.16.
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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