Highland Private Wealth Management decreased its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,400 shares of the exchange traded fund’s stock after selling 537 shares during the quarter. Highland Private Wealth Management’s holdings in Invesco QQQ Trust were worth $791,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Sontag Advisory LLC acquired a new position in shares of Invesco QQQ Trust in the 4th quarter valued at $46,000. CX Institutional raised its stake in shares of Invesco QQQ Trust by 1,811.1% in the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 326 shares in the last quarter. Capital Financial Planning LLC acquired a new position in shares of Invesco QQQ Trust in the 4th quarter valued at $55,000. LS Investment Advisors LLC increased its position in shares of Invesco QQQ Trust by 25.0% during the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 75 shares in the last quarter. Finally, St. Johns Investment Management Company LLC acquired a new stake in shares of Invesco QQQ Trust during the 1st quarter worth about $61,000. Institutional investors own 44.15% of the company’s stock.
Shares of Invesco QQQ Trust stock opened at $183.94 on Thursday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $191.32.
Invesco QQQ Trust Company 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.
Further Reading: Gap Up Stocks
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.