Pointe Capital Management LLC Has $333,000 Holdings in Invesco QQQ Trust (QQQ)

Pointe Capital Management LLC grew its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,157 shares of the exchange traded fund’s stock after purchasing an additional 300 shares during the quarter. Pointe Capital Management LLC’s holdings in Invesco QQQ Trust were worth $333,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Opera Trading Capital increased its stake in shares of Invesco QQQ Trust by 2,646.2% in the 3rd quarter. Opera Trading Capital now owns 17,850 shares of the exchange traded fund’s stock valued at $3,317,000 after acquiring an additional 17,200 shares in the last quarter. Pettyjohn Wood & White Inc. grew its position in Invesco QQQ Trust by 2.1% in the 3rd quarter. Pettyjohn Wood & White Inc. now owns 27,458 shares of the exchange traded fund’s stock valued at $5,101,000 after purchasing an additional 575 shares during the period. First Heartland Consultants Inc. grew its position in Invesco QQQ Trust by 118.7% in the 3rd quarter. First Heartland Consultants Inc. now owns 64,908 shares of the exchange traded fund’s stock valued at $12,059,000 after purchasing an additional 35,235 shares during the period. D.A. Davidson & CO. grew its position in Invesco QQQ Trust by 3.0% in the 3rd quarter. D.A. Davidson & CO. now owns 72,321 shares of the exchange traded fund’s stock valued at $13,437,000 after purchasing an additional 2,080 shares during the period. Finally, Chicago Partners Investment Group LLC grew its position in Invesco QQQ Trust by 10.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 10,931 shares of the exchange traded fund’s stock valued at $1,763,000 after purchasing an additional 1,010 shares during the period. Hedge funds and other institutional investors own 42.14% of the company’s stock.

NASDAQ QQQ opened at $171.94 on Friday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $187.53.

Separately, Bank of America downgraded shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research 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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