Van Cleef Asset Management Inc Sells 200 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Van Cleef Asset Management Inc lessened its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 7.4% during the 2nd quarter, Holdings Channel reports. The firm owned 2,500 shares of the exchange traded fund’s stock after selling 200 shares during the period. Van Cleef Asset Management Inc’s holdings in Invesco QQQ Trust were worth $467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Thoroughbred Financial Services LLC boosted its stake in Invesco QQQ Trust by 19,082.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock worth $591,952,000 after acquiring an additional 5,888,658 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in Invesco QQQ Trust by 7,878.1% during the 2nd quarter. Mizuho Securities USA LLC now owns 1,259,582 shares of the exchange traded fund’s stock worth $235,355,000 after acquiring an additional 1,243,794 shares during the last quarter. Duality Advisers LP bought a new position in Invesco QQQ Trust during the 1st quarter worth approximately $211,794,000. Charles Schwab Investment Advisory Inc. boosted its stake in Invesco QQQ Trust by 158.7% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 1,532,770 shares of the exchange traded fund’s stock worth $286,230,000 after acquiring an additional 940,217 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in Invesco QQQ Trust by 16,947.4% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 500,000 shares of the exchange traded fund’s stock worth $94,678,000 after acquiring an additional 497,067 shares during the last quarter. 45.92% of the stock is currently owned by institutional investors.

Invesco QQQ Trust stock traded down $0.56 during midday trading on Friday, hitting $192.67. 1,896,223 shares of the stock were exchanged, compared to its average volume of 27,318,550. The company has a fifty day simple moving average of $188.07 and a two-hundred day simple moving average of $184.50. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $195.55.

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

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