Towercrest Capital Management Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Towercrest Capital Management lowered its position in Invesco QQQ (NASDAQ:QQQ) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,072 shares of the exchange traded fund’s stock after selling 490 shares during the quarter. Towercrest Capital Management’s holdings in Invesco QQQ were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. boosted its stake in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the period. Icon Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 16.7% during the third quarter. Icon Wealth Advisors LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $528,000 after purchasing an additional 155 shares during the period. Nicolet Advisory Services LLC boosted its stake in shares of Invesco QQQ by 9.7% during the third quarter. Nicolet Advisory Services LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $578,000 after purchasing an additional 106 shares during the period. Lane & Associates LLC boosted its stake in shares of Invesco QQQ by 2.2% during the third quarter. Lane & Associates LLC now owns 2,016 shares of the exchange traded fund’s stock valued at $984,000 after purchasing an additional 44 shares during the period. Finally, Family Capital Management Inc. boosted its stake in shares of Invesco QQQ by 0.9% during the third quarter. Family Capital Management Inc. now owns 33,905 shares of the exchange traded fund’s stock valued at $16,548,000 after purchasing an additional 306 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.3 %

Shares of Invesco QQQ stock opened at $480.84 on Monday. The company has a market cap of $303.05 billion, a PE ratio of 30.74 and a beta of 1.11. The business has a 50 day moving average of $511.30 and a 200 day moving average of $504.45. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

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.