Invesco QQQ (NASDAQ:QQQ) Shares Down 0.2% – Time to Sell?

Shares of Invesco QQQ (NASDAQ:QQQ) fell 0.2% during mid-day trading on Monday . The company traded as low as $516.13 and last traded at $517.72. 8,224,292 shares were traded during mid-day trading, a decline of 78% from the average session volume of 37,227,469 shares. The stock had previously closed at $518.66.

Invesco QQQ Stock Up 0.5 %

The company’s 50 day moving average is $507.24 and its 200-day moving average is $486.46.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QQQ. Mechanics Financial Corp bought a new position in Invesco QQQ during the 2nd quarter worth $30,000. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. BNP Paribas acquired a new stake in Invesco QQQ in the 3rd quarter worth about $62,000. Bray Capital Advisors boosted its holdings in Invesco QQQ by 78.0% in the 2nd quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 64 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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.