Platform Technology Partners Sells 32 Shares of Invesco QQQ (NASDAQ:QQQ)

Platform Technology Partners cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,283 shares of the exchange traded fund’s stock after selling 32 shares during the period. Platform Technology Partners’ holdings in Invesco QQQ were worth $1,209,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Aspire Private Capital LLC bought a new position in shares of Invesco QQQ during the first quarter valued at about $13,479,060,000. Barrett & Company Inc. purchased a new stake in Invesco QQQ in the first quarter worth about $26,000. Cascade Investment Advisors Inc. purchased a new stake in Invesco QQQ in the first quarter worth about $28,000. Elequin Securities LLC purchased a new stake in Invesco QQQ in the first quarter worth about $47,000. Finally, Clear Investment Research LLC grew its holdings in shares of Invesco QQQ by 71.7% during the first quarter. Clear Investment Research LLC now owns 158 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 66 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.2 %

QQQ stock traded up $0.77 on Monday, hitting $371.58. The company had a trading volume of 20,188,814 shares, compared to its average volume of 53,531,707. The stock’s 50-day simple moving average is $373.20 and its 200 day simple moving average is $348.47. Invesco QQQ has a 12-month low of $254.26 and a 12-month high of $387.98.

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.