Hanson McClain Inc. Acquires 136 Shares of Invesco QQQ Trust (QQQ)

Hanson McClain Inc. lifted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,602 shares of the exchange traded fund’s stock after purchasing an additional 136 shares during the quarter. Hanson McClain Inc.’s holdings in Invesco QQQ Trust were worth $401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley increased its holdings in shares of Invesco QQQ Trust by 31.9% during the third quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock worth $3,345,675,000 after purchasing an additional 4,353,877 shares during the period. Toronto Dominion Bank increased its holdings in shares of Invesco QQQ Trust by 2,211.8% during the third quarter. Toronto Dominion Bank now owns 4,693,000 shares of the exchange traded fund’s stock worth $871,915,000 after purchasing an additional 4,490,000 shares during the period. Banque Pictet & Cie SA increased its holdings in shares of Invesco QQQ Trust by 569.1% during the fourth quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock worth $487,424,000 after purchasing an additional 2,687,482 shares during the period. Pictet North America Advisors SA increased its holdings in shares of Invesco QQQ Trust by 14,018.3% during the fourth quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock worth $469,227,000 after purchasing an additional 3,020,250 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco QQQ Trust by 9.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,614,932 shares of the exchange traded fund’s stock worth $300,053,000 after purchasing an additional 137,494 shares during the period. 42.47% of the stock is currently owned by institutional investors.

Shares of NASDAQ QQQ traded up $0.67 during trading hours on Friday, hitting $173.86. 1,103,251 shares of the stock were exchanged, compared to its average volume of 36,731,535. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $187.53.

Separately, Bank of America cut shares of 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 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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