Country Club Trust Company n.a. Purchases 185 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Country Club Trust Company n.a. lifted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,358 shares of the exchange traded fund’s stock after purchasing an additional 185 shares during the period. Country Club Trust Company n.a.’s holdings in Invesco QQQ Trust were worth $518,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in QQQ. Morgan Stanley boosted its stake in Invesco QQQ Trust by 31.9% during the 3rd quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock valued at $3,345,675,000 after purchasing an additional 4,353,877 shares during the period. Toronto Dominion Bank boosted its stake in Invesco QQQ Trust by 2,211.8% during the 3rd quarter. Toronto Dominion Bank now owns 4,693,000 shares of the exchange traded fund’s stock valued at $871,915,000 after purchasing an additional 4,490,000 shares during the period. CHURCHILL MANAGEMENT Corp boosted its stake in Invesco QQQ Trust by 51.4% during the 3rd quarter. CHURCHILL MANAGEMENT Corp now owns 1,863,514 shares of the exchange traded fund’s stock valued at $346,222,000 after purchasing an additional 633,057 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco QQQ Trust by 9.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,614,932 shares of the exchange traded fund’s stock valued at $300,053,000 after purchasing an additional 137,494 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Invesco QQQ Trust by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,373,787 shares of the exchange traded fund’s stock valued at $255,235,000 after purchasing an additional 27,800 shares during the period. 42.14% of the stock is currently owned by institutional investors.

Shares of QQQ stock opened at $171.01 on Thursday. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $187.53.

Separately, Bank of America downgraded Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research report on Monday, November 5th.

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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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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