Genovese Burford & Brothers Wealth & Retirement Plan Management LLC Sells 398 Shares of Invesco QQQ Trust (QQQ)

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC reduced its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 8.1% in the third quarter, HoldingsChannel.com reports. The fund owned 4,486 shares of the exchange traded fund’s stock after selling 398 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Invesco QQQ Trust were worth $833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Divergent Wealth Advisors LLC raised its holdings in Invesco QQQ Trust by 12.3% in the third quarter. Divergent Wealth Advisors LLC now owns 2,555 shares of the exchange traded fund’s stock worth $460,000 after buying an additional 279 shares during the last quarter. Financial Partners Group Inc raised its holdings in Invesco QQQ Trust by 1.1% in the second quarter. Financial Partners Group Inc now owns 25,127 shares of the exchange traded fund’s stock worth $4,313,000 after buying an additional 283 shares during the last quarter. Advanced Asset Management Advisors Inc raised its holdings in Invesco QQQ Trust by 0.3% in the second quarter. Advanced Asset Management Advisors Inc now owns 112,670 shares of the exchange traded fund’s stock worth $19,340,000 after buying an additional 285 shares during the last quarter. Summit X LLC raised its holdings in Invesco QQQ Trust by 17.2% in the second quarter. Summit X LLC now owns 1,964 shares of the exchange traded fund’s stock worth $338,000 after buying an additional 288 shares during the last quarter. Finally, Winthrop Advisory Group LLC raised its holdings in Invesco QQQ Trust by 8.7% in the second quarter. Winthrop Advisory Group LLC now owns 3,729 shares of the exchange traded fund’s stock worth $640,000 after buying an additional 297 shares during the last quarter. 41.90% of the stock is owned by institutional investors.

Shares of Invesco QQQ Trust stock opened at $172.33 on Tuesday. Invesco QQQ Trust has a 52-week low of $150.13 and a 52-week high of $187.53.

Separately, Bank of America cut shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday, November 5th.

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About Invesco QQQ Trust

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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

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

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