Circle Wealth Management LLC Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Circle Wealth Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,310 shares of the exchange traded fund’s stock after selling 2,947 shares during the quarter. Invesco QQQ makes up 0.5% of Circle Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Circle Wealth Management LLC’s holdings in Invesco QQQ were worth $22,667,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ in the first quarter valued at about $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the second quarter valued at about $30,000. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ during the first quarter valued at about $29,000. Legacy Bridge LLC increased its position 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 valued at $32,000 after buying an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of NASDAQ QQQ opened at $482.44 on Friday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The company’s 50-day moving average is $468.07 and its 200 day moving average is $458.49.

Invesco QQQ 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.