Private Asset Management Inc. trimmed its holdings in Invesco QQQ ( NASDAQ:QQQ – Get Rating ) by 8.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,476 shares of the exchange traded fund's stock after selling 308 shares during the period. Private Asset Management Inc.'s holdings in Invesco QQQ were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds also recently made changes to their positions in QQQ.

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