Ranch Capital Advisors Inc. Sells 87 Shares of Invesco QQQ (NASDAQ:QQQ)

Ranch Capital Advisors Inc. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,914 shares of the exchange traded fund’s stock after selling 87 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Invesco QQQ were worth $918,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC boosted its position in shares of Invesco QQQ by 7.8% during the 2nd quarter. AE Wealth Management LLC now owns 102,698 shares of the exchange traded fund’s stock worth $49,204,000 after purchasing an additional 7,435 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of Invesco QQQ by 2.1% during the second quarter. King Luther Capital Management Corp now owns 8,372 shares of the exchange traded fund’s stock valued at $4,011,000 after acquiring an additional 172 shares in the last quarter. Cedar Wealth Management LLC raised its position in shares of Invesco QQQ by 0.8% during the second quarter. Cedar Wealth Management LLC now owns 3,281 shares of the exchange traded fund’s stock worth $1,572,000 after purchasing an additional 27 shares during the period. Etfidea LLC increased its stake in Invesco QQQ by 3.8% during the 2nd quarter. Etfidea LLC now owns 19,614 shares of the exchange traded fund’s stock valued at $9,397,000 after purchasing an additional 718 shares in the last quarter. Finally, Bridges Investment Management Inc. bought a new position in shares of Invesco QQQ in the second quarter valued at $388,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $483.36 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The company’s 50-day moving average is $468.32 and its 200 day moving average is $458.07.

Invesco QQQ Company 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.