Invesco QQQ (NASDAQ:QQQ) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,062 shares of the exchange traded fund’s stock after selling 93 shares during the period. Westwood Holdings Group Inc.’s holdings in Invesco QQQ were worth $7,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Prospect Financial Services LLC lifted its stake in Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after purchasing an additional 21 shares during the period. Sweeney & Michel LLC lifted its stake in Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares during the period. Family Firm Inc. lifted its stake in Invesco QQQ by 3.1% during the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 22 shares during the period. CarsonAllaria Wealth Management Ltd. lifted its stake in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the period. Finally, Second Line Capital LLC lifted its stake in Invesco QQQ by 2.6% during the first quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 24 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $482.44 on Monday. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The company has a 50-day moving average price of $468.07 and a two-hundred day moving average price of $458.63.

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.