Boys Arnold & Co. Inc. lifted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 26.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,047 shares of the exchange traded fund’s stock after buying an additional 2,962 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in Invesco QQQ Trust were worth $2,149,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in QQQ. CX Institutional increased its holdings in Invesco QQQ Trust by 1,811.1% during the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 326 shares during the last quarter. Lenox Wealth Management Inc. increased its holdings in Invesco QQQ Trust by 848.8% during the 4th quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the exchange traded fund’s stock worth $87,000 after purchasing an additional 1,044 shares during the last quarter. Edge Wealth Management LLC increased its holdings in Invesco QQQ Trust by 285.4% during the 4th quarter. Edge Wealth Management LLC now owns 632 shares of the exchange traded fund’s stock worth $97,000 after purchasing an additional 468 shares during the last quarter. NuWave Investment Management LLC increased its holdings in Invesco QQQ Trust by 21.3% during the 4th quarter. NuWave Investment Management LLC now owns 644 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 113 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in Invesco QQQ Trust by 2,409.1% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 552 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.
Shares of NASDAQ QQQ traded down $0.40 during trading on Thursday, reaching $173.19. The stock had a trading volume of 24,736,220 shares, compared to its average volume of 36,731,535. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $187.53.
Separately, Bank of America downgraded Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday, November 5th.
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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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