Walker Financial Services Inc. Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Walker Financial Services Inc. reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,916 shares of the exchange traded fund’s stock after selling 82 shares during the quarter. Invesco QQQ accounts for 1.8% of Walker Financial Services Inc.’s holdings, making the stock its 10th biggest position. Walker Financial Services Inc.’s holdings in Invesco QQQ were worth $1,816,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Aspire Private Capital LLC acquired a new stake in shares of Invesco QQQ during the first quarter valued at approximately $13,479,060,000. Barrett & Company Inc. acquired a new stake in shares of Invesco QQQ during the first quarter valued at approximately $26,000. Cascade Investment Advisors Inc. acquired a new stake in shares of Invesco QQQ during the first quarter valued at approximately $28,000. Elequin Securities LLC acquired a new stake in shares of Invesco QQQ during the first quarter valued at approximately $47,000. Finally, Clear Investment Research LLC raised its holdings in shares of Invesco QQQ by 71.7% during the first quarter. Clear Investment Research LLC now owns 158 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 66 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $369.08 on Monday. Invesco QQQ has a 52-week low of $254.26 and a 52-week high of $387.98. The company’s 50 day simple moving average is $373.20 and its 200-day simple moving average is $348.47.

About Invesco QQQ

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.