Pacific Sun Financial Corp Buys Shares of 5,426 Invesco QQQ (NASDAQ:QQQ)

Pacific Sun Financial Corp bought a new position in Invesco QQQ (NASDAQ:QQQ) in the second quarter, Holdings Channel.com reports. The firm bought 5,426 shares of the exchange traded fund’s stock, valued at approximately $1,741,000. Invesco QQQ comprises about 1.2% of Pacific Sun Financial Corp’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Castle Rock Wealth Management LLC grew its holdings in shares of Invesco QQQ by 0.3% in the second quarter. Castle Rock Wealth Management LLC now owns 8,722 shares of the exchange traded fund’s stock worth $3,229,000 after acquiring an additional 29 shares during the period. GoalVest Advisory LLC lifted its stake in shares of Invesco QQQ by 19.5% in the 1st quarter. GoalVest Advisory LLC now owns 202 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 33 shares during the period. Carlson Capital Management boosted its holdings in shares of Invesco QQQ by 1.6% in the first quarter. Carlson Capital Management now owns 2,117 shares of the exchange traded fund’s stock worth $679,000 after buying an additional 34 shares during the last quarter. J. L. Bainbridge & Co. Inc. grew its position in Invesco QQQ by 1.4% during the first quarter. J. L. Bainbridge & Co. Inc. now owns 2,471 shares of the exchange traded fund’s stock valued at $793,000 after buying an additional 34 shares during the period. Finally, Matrix Asset Advisors Inc. NY increased its holdings in Invesco QQQ by 1.6% during the first quarter. Matrix Asset Advisors Inc. NY now owns 2,188 shares of the exchange traded fund’s stock valued at $702,000 after buying an additional 35 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $0.31 on Monday, hitting $371.12. 18,449,944 shares of the company traded hands, compared to its average volume of 53,517,273. The business’s 50 day moving average price is $373.20 and its 200-day moving average price is $348.47. 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.