Mycio Wealth Partners LLC raised its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,525 shares of the exchange traded fund’s stock after acquiring an additional 3,902 shares during the period. Mycio Wealth Partners LLC’s holdings in Invesco QQQ Trust were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Toronto Dominion Bank raised its stake in Invesco QQQ Trust by 2,211.8% in the third quarter. Toronto Dominion Bank now owns 4,693,000 shares of the exchange traded fund’s stock valued at $871,915,000 after buying an additional 4,490,000 shares during the period. Morgan Stanley increased its stake in shares of Invesco QQQ Trust by 31.9% during the third quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock worth $3,345,675,000 after purchasing an additional 4,353,877 shares during the period. Mizuho Bank Ltd. bought a new position in shares of Invesco QQQ Trust during the third quarter worth approximately $156,064,000. CHURCHILL MANAGEMENT Corp increased its stake in shares of Invesco QQQ Trust by 51.4% during the third quarter. CHURCHILL MANAGEMENT Corp now owns 1,863,514 shares of the exchange traded fund’s stock worth $346,222,000 after purchasing an additional 633,057 shares during the period. Finally, 3EDGE Asset Management LP increased its stake in shares of Invesco QQQ Trust by 140.4% during the third quarter. 3EDGE Asset Management LP now owns 930,700 shares of the exchange traded fund’s stock worth $172,913,000 after purchasing an additional 543,500 shares during the period. 42.14% of the stock is owned by hedge funds and other institutional investors.
Separately, Bank of America lowered Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note 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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