Semmax Financial Advisors Inc. raised its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,704 shares of the exchange traded fund’s stock after buying an additional 518 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Invesco QQQ Trust were worth $665,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 9258 Wealth Management LLC increased its holdings in shares of Invesco QQQ Trust by 9.2% in the first quarter. 9258 Wealth Management LLC now owns 3,243 shares of the exchange traded fund’s stock valued at $583,000 after purchasing an additional 273 shares during the last quarter. FineMark National Bank & Trust increased its holdings in shares of Invesco QQQ Trust by 1.0% in the first quarter. FineMark National Bank & Trust now owns 10,175 shares of the exchange traded fund’s stock valued at $1,828,000 after purchasing an additional 102 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Invesco QQQ Trust by 21.7% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 999 shares of the exchange traded fund’s stock valued at $179,000 after purchasing an additional 178 shares during the last quarter. Evensky & Katz LLC acquired a new position in shares of Invesco QQQ Trust in the first quarter valued at $263,000. Finally, Mountain Pacific Investment Advisers Inc. ID acquired a new position in shares of Invesco QQQ Trust in the first quarter valued at $216,000. 44.15% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:QQQ opened at $181.83 on Wednesday. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $191.32.
TRADEMARK VIOLATION WARNING: This report was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.baseballdailydigest.com/news/2019/05/22/semmax-financial-advisors-inc-increases-holdings-in-invesco-qqq-trust-qqq.html.
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.
Featured Article: How mutual funds make money
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.