Eclectic Associates Inc. ADV Sells 1,194 Shares of Invesco QQQ $QQQ

Eclectic Associates Inc. ADV lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 16.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,932 shares of the exchange traded fund’s stock after selling 1,194 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $3,561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQ. Orgel Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 17 shares during the period. Compass Financial Services Inc raised its position in 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 valued at $2,345,000 after purchasing an additional 19 shares during the last quarter. Beacon Financial Group lifted its holdings in Invesco QQQ by 1.2% in the 3rd quarter. Beacon Financial Group now owns 1,545 shares of the exchange traded fund’s stock worth $927,000 after buying an additional 19 shares during the period. Vermillion Wealth Management Inc. lifted its holdings in Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 20 shares during the period. Finally, Barrett & Company Inc. grew its position in shares of Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $609.11 on Friday. The stock’s 50 day moving average price is $613.59 and its 200-day moving average price is $582.63. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

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.