Blueprint Investment Partners LLC Sells 384 Shares of Invesco QQQ (NASDAQ:QQQ)

Blueprint Investment Partners LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 921 shares of the exchange traded fund’s stock after selling 384 shares during the quarter. Blueprint Investment Partners LLC’s holdings in Invesco QQQ were worth $471,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. SOA Wealth Advisors LLC. boosted its stake in Invesco QQQ by 0.3% in 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 acquiring an additional 46 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in Invesco QQQ by 16.7% in the third quarter. Icon Wealth Advisors LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $528,000 after acquiring an additional 155 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in Invesco QQQ by 9.7% in the third quarter. Nicolet Advisory Services LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $578,000 after acquiring an additional 106 shares during the last quarter. Towercrest Capital Management boosted its stake in Invesco QQQ by 30.2% in the third quarter. Towercrest Capital Management now owns 2,562 shares of the exchange traded fund’s stock valued at $1,250,000 after acquiring an additional 595 shares during the last quarter. Finally, Lane & Associates LLC boosted its stake in Invesco QQQ by 2.2% in the third quarter. Lane & Associates LLC now owns 2,016 shares of the exchange traded fund’s stock valued at $984,000 after acquiring an additional 44 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $480.84 on Monday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The stock has a market cap of $303.05 billion, a PE ratio of 30.74 and a beta of 1.11. The firm’s 50 day moving average price is $511.30 and its two-hundred day moving average price 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.