Invesco QQQ (NASDAQ:QQQ) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,506 shares of the exchange traded fund’s stock after selling 148 shares during the period. MONECO Advisors LLC’s holdings in Invesco QQQ were worth $3,483,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Red Tortoise LLC increased its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial bought a new stake in shares of Invesco QQQ in the 4th quarter worth $41,000. Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $40,000. Finally, Bear Mountain Capital Inc. bought a new position in Invesco QQQ during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $6.79 during mid-day trading on Monday, hitting $485.98. The company’s stock had a trading volume of 19,410,941 shares, compared to its average volume of 41,602,371. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $486.04. The firm has a 50-day moving average price of $445.24 and a 200 day moving average price of $430.47.

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.