TD Asset Management Inc. cut its position in Invesco QQQ Trust (NASDAQ:QQQ) by 61.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 244,200 shares of the exchange traded fund’s stock after selling 386,200 shares during the period. TD Asset Management Inc.’s holdings in Invesco QQQ Trust were worth $43,873,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in QQQ. Bank of New York Mellon Corp boosted its position in Invesco QQQ Trust by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 114,479 shares of the exchange traded fund’s stock worth $21,270,000 after acquiring an additional 1,154 shares during the last quarter. Ayalon Holdings Ltd. acquired a new stake in Invesco QQQ Trust during the fourth quarter worth approximately $8,902,000. Consolidated Investment Group LLC boosted its position in Invesco QQQ Trust by 26.3% during the fourth quarter. Consolidated Investment Group LLC now owns 63,795 shares of the exchange traded fund’s stock worth $9,841,000 after acquiring an additional 13,300 shares during the last quarter. Carlson Capital Management boosted its position in Invesco QQQ Trust by 12.2% during the fourth quarter. Carlson Capital Management now owns 3,214 shares of the exchange traded fund’s stock worth $496,000 after acquiring an additional 349 shares during the last quarter. Finally, SignalPoint Asset Management LLC boosted its position in Invesco QQQ Trust by 56.2% during the fourth quarter. SignalPoint Asset Management LLC now owns 3,912 shares of the exchange traded fund’s stock worth $604,000 after acquiring an additional 1,408 shares during the last quarter. 44.15% of the stock is owned by institutional investors and hedge funds.
NASDAQ QQQ traded down $0.62 during mid-day trading on Wednesday, reaching $181.21. 11,827,979 shares of the stock were exchanged, compared to its average volume of 35,720,977. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $191.32.
About Invesco QQQ Trust
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.
Read More: Backdoor Roth IRA Conversion and Strategy
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.