Lynx Investment Advisory Sells 23 Shares of Invesco QQQ (NASDAQ:QQQ)

Lynx Investment Advisory reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 3.0% during the 4th quarter, Holdings Channel reports. The fund owned 751 shares of the exchange traded fund’s stock after selling 23 shares during the period. Lynx Investment Advisory’s holdings in Invesco QQQ were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in QQQ. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC raised its position in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after buying an additional 895,277 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Finally, Cibc World Market Inc. boosted its position in shares of Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after acquiring an additional 324,948 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $480.84 on Monday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock has a market capitalization of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The company’s 50 day simple moving average is $511.30 and its 200 day simple moving average is $504.45.

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.