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Carroll Financial Associates Inc. decreased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,254 shares of the exchange traded fund’s stock after selling 352 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Invesco QQQ Trust were worth $830,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Divergent Wealth Advisors LLC lifted its holdings in Invesco QQQ Trust by 12.3% during the 3rd quarter. Divergent Wealth Advisors LLC now owns 2,555 shares of the exchange traded fund’s stock worth $460,000 after buying an additional 279 shares during the last quarter. Summit X LLC raised its stake in Invesco QQQ Trust by 17.2% during the 2nd quarter. Summit X LLC now owns 1,964 shares of the exchange traded fund’s stock valued at $338,000 after acquiring an additional 288 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Invesco QQQ Trust by 0.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 38,340 shares of the exchange traded fund’s stock worth $7,123,000 after acquiring an additional 329 shares during the period. Northwest Bancshares Inc. grew its holdings in shares of Invesco QQQ Trust by 8.2% in the 3rd quarter. Northwest Bancshares Inc. now owns 4,350 shares of the exchange traded fund’s stock worth $808,000 after acquiring an additional 330 shares during the period. Finally, BDO Wealth Advisors LLC grew its holdings in shares of Invesco QQQ Trust by 8.8% in the 2nd quarter. BDO Wealth Advisors LLC now owns 4,124 shares of the exchange traded fund’s stock worth $708,000 after acquiring an additional 335 shares during the period. 40.64% of the stock is owned by 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.
Shares of Invesco QQQ Trust stock traded down $0.71 during trading hours on Friday, reaching $167.45. 32,119,153 shares of the company’s stock were exchanged, compared to its average volume of 40,009,240. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $187.53.
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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.
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