CreativeOne Wealth LLC Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

CreativeOne Wealth LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 18.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,472 shares of the exchange traded fund’s stock after selling 11,783 shares during the period. Invesco QQQ makes up 1.2% of CreativeOne Wealth LLC’s portfolio, making the stock its 15th biggest holding. CreativeOne Wealth LLC’s holdings in Invesco QQQ were worth $24,182,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in QQQ. Vantage Financial Partners LLC lifted its stake in Invesco QQQ by 68.0% in the fourth 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 during the last quarter. Concentrum Wealth Management lifted its stake in shares of Invesco QQQ by 15.4% in the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after acquiring an additional 1,962 shares during the last quarter. Rollins Financial lifted its stake in shares of Invesco QQQ by 11.8% in the 4th quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after acquiring an additional 19,785 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in Invesco QQQ by 30.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after acquiring an additional 706 shares during the period. Finally, Principal Financial Group Inc. grew its position in Invesco QQQ by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock worth $3,455,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

Shares of QQQ stock opened at $483.04 on Tuesday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The stock has a 50 day moving average price of $467.81 and a two-hundred day moving average price of $458.89.

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.