Monument Capital Management decreased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 23,424 shares of the exchange traded fund’s stock after selling 282 shares during the period. Invesco QQQ Trust comprises 2.4% of Monument Capital Management’s portfolio, making the stock its 3rd largest holding. Monument Capital Management’s holdings in Invesco QQQ Trust were worth $4,423,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Morgan Stanley grew its position in Invesco QQQ Trust by 59.8% during the 2nd quarter. Morgan Stanley now owns 17,764,053 shares of the exchange traded fund’s stock worth $3,317,260,000 after purchasing an additional 6,650,061 shares during the last quarter. Prospera Financial Services Inc acquired a new position in Invesco QQQ Trust in the second quarter valued at about $8,993,000. Thoroughbred Financial Services LLC lifted its position in Invesco QQQ Trust by 19,082.5% in the second quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock valued at $591,952,000 after buying an additional 5,888,658 shares during the last quarter. Varma Mutual Pension Insurance Co lifted its position in Invesco QQQ Trust by 796.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 5,838,234 shares of the exchange traded fund’s stock valued at $1,102,316,000 after buying an additional 5,186,643 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Invesco QQQ Trust by 3.2% in the third quarter. Envestnet Asset Management Inc. now owns 1,589,143 shares of the exchange traded fund’s stock valued at $300,046,000 after buying an additional 48,873 shares during the last quarter. 46.87% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ QQQ traded up $1.73 during trading hours on Monday, reaching $193.42. The company had a trading volume of 15,829,629 shares, compared to its average volume of 32,909,633. The stock has a 50-day moving average of $189.75 and a 200 day moving average of $187.00. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $195.55.
About Invesco QQQ Trust
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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