Invesco QQQ (NASDAQ:QQQ) Shares Sold by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,806 shares of the exchange traded fund’s stock after selling 35 shares during the period. Northwest Investment Counselors LLC’s holdings in Invesco QQQ were worth $667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. lifted its stake in shares of Invesco QQQ by 7.4% during the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after purchasing an additional 381 shares in the last quarter. Axiom Financial Strategies LLC boosted its holdings in Invesco QQQ by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 85 shares during the period. Roundview Capital LLC grew its position in Invesco QQQ by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after acquiring an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Invesco QQQ by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 278 shares during the period. Finally, Covestor Ltd raised its stake in shares of Invesco QQQ by 309.2% during the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 337 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $6.46 on Friday, hitting $370.81. The stock had a trading volume of 69,811,206 shares, compared to its average volume of 45,032,976. The stock’s 50 day moving average is $373.20 and its 200-day moving average is $348.25. Invesco QQQ has a 52-week low of $254.26 and a 52-week high of $387.98.

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.