Evoke Wealth LLC Sells 17,059 Shares of Invesco QQQ (NASDAQ:QQQ)

Evoke Wealth LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 97.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 459 shares of the exchange traded fund’s stock after selling 17,059 shares during the period. Evoke Wealth LLC’s holdings in Invesco QQQ were worth $220,000 at the end of the most recent reporting period.

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

Invesco QQQ Trading Down 0.2 %

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 firm has a 50-day moving average price of $468.07 and a two-hundred day moving average price of $458.49.

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.