Eclectic Associates Inc. ADV Cuts Stock Position in Invesco QQQ $QQQ

Eclectic Associates Inc. ADV trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 16.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,932 shares of the exchange traded fund’s stock after selling 1,194 shares during the period. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $3,561,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ during the second quarter worth approximately $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the 2nd quarter valued at $41,000. Moser Wealth Advisors LLC raised its position in Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the period. Ransom Advisory Ltd bought a new stake in Invesco QQQ in the first quarter worth $70,000. Finally, Barrett & Company Inc. lifted its stake in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.4%

Shares of NASDAQ: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 12-month low of $402.39 and a 12-month 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.