Elite Wealth Management Inc. Sells 9,907 Shares of Invesco QQQ Trust (NASDAQ:QQQ)
Elite Wealth Management Inc. cut its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 15.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,025 shares of the exchange traded fund’s stock after selling 9,907 shares during the period. Invesco QQQ Trust makes up approximately 14.3% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest position. Elite Wealth Management Inc.’s holdings in Invesco QQQ Trust were worth $10,389,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Meridian Wealth Management LLC lifted its position in Invesco QQQ Trust by 2.3% during the first quarter. Meridian Wealth Management LLC now owns 66,389 shares of the exchange traded fund’s stock worth $11,927,000 after purchasing an additional 1,515 shares during the period. Fusion Family Wealth LLC lifted its position in Invesco QQQ Trust by 6.2% during the second quarter. Fusion Family Wealth LLC now owns 135,970 shares of the exchange traded fund’s stock worth $25,391,000 after purchasing an additional 7,993 shares during the period. Certified Advisory Corp lifted its position in Invesco QQQ Trust by 5.8% during the second quarter. Certified Advisory Corp now owns 11,484 shares of the exchange traded fund’s stock worth $2,144,000 after purchasing an additional 633 shares during the period. Wealthstreet Investment Advisors LLC lifted its position in Invesco QQQ Trust by 2.5% during the second quarter. Wealthstreet Investment Advisors LLC now owns 47,905 shares of the exchange traded fund’s stock worth $8,946,000 after purchasing an additional 1,153 shares during the period. Finally, Brio Consultants LLC lifted its holdings in shares of Invesco QQQ Trust by 16.0% in the second quarter. Brio Consultants LLC now owns 1,737 shares of the exchange traded fund’s stock worth $324,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 44.69% of the company’s stock.
Shares of QQQ stock traded up $1.87 on Wednesday, reaching $187.29. The company had a trading volume of 2,208,650 shares, compared to its average volume of 33,346,078. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $195.55. The business’s 50-day moving average is $188.57 and its 200 day moving average is $186.39.
Invesco QQQ Trust 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.
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