FSM Wealth Advisors LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 29.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,606 shares of the exchange traded fund’s stock after selling 1,477 shares during the period. FSM Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,328,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC lifted its holdings in shares of Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after acquiring an additional 43,463,232 shares during the period. Morgan Stanley lifted its stake in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco QQQ by 3.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,761,075 shares of the exchange traded fund’s stock valued at $1,527,972,000 after purchasing an additional 167,217 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco QQQ by 1.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,012,198 shares of the exchange traded fund’s stock valued at $802,145,000 after purchasing an additional 32,891 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in Invesco QQQ by 3.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,458,828 shares of the exchange traded fund’s stock valued at $520,925,000 after purchasing an additional 71,410 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.
Invesco QQQ Price Performance
NASDAQ:QQQ traded up $0.14 on Monday, hitting $370.95. The company had a trading volume of 21,390,199 shares, compared to its average volume of 53,536,859. The firm has a 50 day moving average of $373.20 and a two-hundred day moving average of $348.47. Invesco QQQ has a 52 week low of $254.26 and a 52 week high of $387.98.
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.
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