WealthTrust Asset Management LLC Sells 2,120 Shares of Invesco QQQ (NASDAQ:QQQ)

WealthTrust Asset Management LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,882 shares of the exchange traded fund’s stock after selling 2,120 shares during the quarter. Invesco QQQ makes up approximately 7.3% of WealthTrust Asset Management LLC’s portfolio, making the stock its 2nd biggest position. WealthTrust Asset Management LLC’s holdings in Invesco QQQ were worth $10,005,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ during the first quarter worth about $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $29,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $30,000. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 2.5 %

Shares of NASDAQ QQQ opened at $483.36 on Friday. The stock has a fifty day moving average price of $468.32 and a 200 day moving average price of $458.07. Invesco QQQ has a 1-year low of $342.35 and a 1-year 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.