Evensky & Katz LLC bought a new stake in Invesco QQQ Trust (NASDAQ:QQQ) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,464 shares of the exchange traded fund’s stock, valued at approximately $263,000.
Several other hedge funds have also added to or reduced their stakes in QQQ. Ellis Investment Partners LLC grew its holdings in shares of Invesco QQQ Trust by 17,883.3% in the first quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock valued at $6,329,000 after acquiring an additional 6,294,579 shares in the last quarter. Deutsche Bank AG lifted its stake in Invesco QQQ Trust by 267,182.0% in the fourth 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 purchased a new position in Invesco QQQ Trust in the first quarter valued at approximately $596,218,000. Pictet North America Advisors SA lifted its stake in Invesco QQQ Trust by 14,018.3% in the fourth quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock valued at $469,227,000 after purchasing an additional 3,020,250 shares during the last quarter. Finally, Banque Pictet & Cie SA lifted its stake in Invesco QQQ Trust by 569.1% in the fourth quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock valued at $487,424,000 after purchasing an additional 2,687,482 shares during the last quarter. 44.15% of the stock is owned by institutional investors.
Invesco QQQ Trust stock opened at $179.95 on Tuesday. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $191.32.
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Invesco QQQ Trust 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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