TCG Advisors LP acquired a new stake in Invesco QQQ Trust (NASDAQ:QQQ) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 879 shares of the exchange traded fund’s stock, valued at approximately $158,000.
A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Ellis Investment Partners LLC raised its position in Invesco QQQ Trust by 17,883.3% in the 1st quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock valued at $6,329,000 after purchasing an additional 6,294,579 shares during the last quarter. Deutsche Bank AG raised its position in Invesco QQQ Trust by 267,182.0% in the 4th quarter. Deutsche Bank AG now owns 5,043,612 shares of the exchange traded fund’s stock valued at $778,025,000 after purchasing an additional 5,041,725 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in Invesco QQQ Trust in the 1st quarter valued at $596,218,000. Canada Pension Plan Investment Board bought a new position in Invesco QQQ Trust in the 4th quarter valued at $231,371,000. Finally, Swiss RE Ltd. bought a new position in Invesco QQQ Trust in the 4th quarter valued at $216,581,000. Hedge funds and other institutional investors own 40.90% of the company’s stock.
QQQ traded down $0.83 during trading on Wednesday, hitting $182.57. The company’s stock had a trading volume of 1,688,979 shares, compared to its average volume of 36,213,516. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $191.32.
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.
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