Invesco QQQ $QQQ Stock Position Lessened by Embree Financial Group

Embree Financial Group decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,767 shares of the exchange traded fund’s stock after selling 3,269 shares during the period. Invesco QQQ accounts for 9.2% of Embree Financial Group’s holdings, making the stock its biggest position. Embree Financial Group’s holdings in Invesco QQQ were worth $68,903,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Amundi grew its holdings in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares during the last quarter. BCGM Wealth Management LLC raised its stake in Invesco QQQ by 13.6% in the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock worth $14,120,000 after acquiring an additional 3,066 shares during the last quarter. Prospect Financial Services LLC lifted its position in Invesco QQQ by 9.1% during the 2nd quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock worth $6,490,000 after acquiring an additional 986 shares during the period. Wisconsin Wealth Advisors LLC grew its stake in Invesco QQQ by 21.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 6,747 shares of the exchange traded fund’s stock valued at $3,722,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew its stake in Invesco QQQ by 17.5% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 6,017 shares of the exchange traded fund’s stock valued at $3,319,000 after purchasing an additional 895 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $609.11 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The business has a 50-day moving average price of $613.59 and a 200-day moving average price of $582.63.

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.