Ieq Capital LLC Has $202.85 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Ieq Capital LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 423,392 shares of the exchange traded fund’s stock after selling 14,214 shares during the quarter. Invesco QQQ accounts for about 2.7% of Ieq Capital LLC’s investment portfolio, making the stock its 10th largest holding. Ieq Capital LLC owned about 0.07% of Invesco QQQ worth $202,851,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the second quarter worth about $30,000. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ during the first quarter worth about $29,000. Legacy Bridge LLC grew its holdings 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 worth $32,000 after buying an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth about $35,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $483.36 on Friday. The business has a 50 day moving average price of $468.32 and a two-hundred day moving average price of $458.07. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

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.