Dynamic Advisor Solutions LLC Has $42.89 Million Holdings in Invesco QQQ $QQQ

Dynamic Advisor Solutions LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 26.8% during the third quarter, Holdings Channel reports. The firm owned 71,443 shares of the exchange traded fund’s stock after selling 26,223 shares during the quarter. Invesco QQQ comprises 1.2% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 10th largest holding. Dynamic Advisor Solutions LLC’s holdings in Invesco QQQ were worth $42,892,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Orgel Wealth Management LLC lifted its stake in Invesco QQQ by 4.7% in the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 17 shares during the last quarter. Compass Financial Services Inc raised its position in shares of Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after buying an additional 19 shares in the last quarter. Beacon Financial Group lifted its position in Invesco QQQ by 1.2% in the third quarter. Beacon Financial Group now owns 1,545 shares of the exchange traded fund’s stock worth $927,000 after purchasing an additional 19 shares during the period. Vermillion Wealth Management Inc. lifted its position in Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 20 shares during the period. Finally, Barrett & Company Inc. boosted its stake in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $609.11 on Friday. The stock’s fifty day moving average is $613.59 and its 200-day moving average is $582.63. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

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.