SeaCrest Wealth Management LLC Cuts Position in Invesco QQQ Trust (NASDAQ:QQQ)

SeaCrest Wealth Management LLC decreased its position in Invesco QQQ Trust (NASDAQ:QQQ) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 16,619 shares of the exchange traded fund’s stock after selling 65 shares during the quarter. Invesco QQQ Trust comprises 0.7% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 21st largest holding. SeaCrest Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $5,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Claudia M.P. Batlle CRP R LLC purchased a new stake in shares of Invesco QQQ Trust during the third quarter worth $28,000. Costello Asset Management INC grew its stake in shares of Invesco QQQ Trust by 119.0% during the fourth quarter. Costello Asset Management INC now owns 92 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 50 shares in the last quarter. Clark Financial Advisors acquired a new position in shares of Invesco QQQ Trust during the fourth quarter worth $31,000. Barnett & Company Inc. grew its stake in shares of Invesco QQQ Trust by 250.0% during the third quarter. Barnett & Company Inc. now owns 140 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Finally, CNB Bank grew its stake in shares of Invesco QQQ Trust by 54.0% during the fourth quarter. CNB Bank now owns 154 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 54 shares in the last quarter. 47.01% of the stock is currently owned by institutional investors.

NASDAQ QQQ traded down $7.52 during trading hours on Tuesday, hitting $314.92. The company had a trading volume of 2,899,308 shares, compared to its average volume of 31,777,059. Invesco QQQ Trust has a 1-year low of $164.93 and a 1-year high of $338.19. The business has a 50 day moving average of $323.63 and a 200-day moving average of $303.64.

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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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