Covington Capital Management grew its position in Invesco QQQ Trust (NASDAQ:QQQ) by 39.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,422 shares of the exchange traded fund’s stock after buying an additional 400 shares during the period. Covington Capital Management’s holdings in Invesco QQQ Trust were worth $219,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Morgan Stanley grew its stake in shares of Invesco QQQ Trust by 31.9% in 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 buying an additional 4,353,877 shares during the period. Banque Pictet & Cie SA lifted its holdings in shares of Invesco QQQ Trust by 569.1% in the 4th quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock worth $487,424,000 after acquiring an additional 2,687,482 shares during the last quarter. Pictet North America Advisors SA lifted its holdings in shares of Invesco QQQ Trust by 14,018.3% in the 4th quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock worth $469,227,000 after acquiring an additional 3,020,250 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Invesco QQQ Trust in the 4th quarter worth approximately $231,371,000. Finally, Swiss RE Ltd. acquired a new position in shares of Invesco QQQ Trust in the 4th quarter worth approximately $216,581,000. 48.00% of the stock is owned by institutional investors and hedge funds.
Shares of QQQ stock traded up $0.03 during trading hours on Monday, hitting $185.86. The company had a trading volume of 20,329,240 shares, compared to its average volume of 35,147,848. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $187.53.
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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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