Connecticut Wealth Management LLC Sells 508 Shares of Invesco QQQ (NASDAQ:QQQ)

Connecticut Wealth Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,969 shares of the exchange traded fund’s stock after selling 508 shares during the period. Invesco QQQ makes up 1.6% of Connecticut Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Connecticut Wealth Management LLC’s holdings in Invesco QQQ were worth $30,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Vantage Financial Partners LLC increased its holdings in Invesco QQQ by 68.0% during the 4th quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after purchasing an additional 11,957 shares in the last quarter. Concentrum Wealth Management boosted its position in shares of Invesco QQQ by 15.4% during the fourth quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock worth $6,004,000 after buying an additional 1,962 shares during the period. Rollins Financial grew its holdings in shares of Invesco QQQ by 11.8% during the fourth quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock worth $76,822,000 after buying an additional 19,785 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of Invesco QQQ by 30.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock worth $1,248,000 after buying an additional 706 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Invesco QQQ by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock valued at $3,455,000 after buying an additional 102 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $482.44 on Friday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52. The stock’s 50 day moving average price is $468.07 and its two-hundred day moving average price is $458.33.

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.