FormulaFolio Investments LLC increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,029 shares of the exchange traded fund’s stock after purchasing an additional 141 shares during the quarter. FormulaFolio Investments LLC’s holdings in Invesco QQQ Trust were worth $2,341,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Ellis Investment Partners LLC increased its stake in shares of Invesco QQQ Trust by 17,883.3% in the first quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock worth $6,329,000 after acquiring an additional 6,294,579 shares during the last quarter. Deutsche Bank AG lifted its stake in Invesco QQQ Trust by 267,182.0% during the 4th quarter. Deutsche Bank AG now owns 5,043,612 shares of the exchange traded fund’s stock worth $778,025,000 after acquiring an additional 5,041,725 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in Invesco QQQ Trust during the 1st quarter worth about $596,218,000. Pictet North America Advisors SA increased its holdings in Invesco QQQ Trust by 14,018.3% during the 4th 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, Banque Pictet & Cie SA increased its holdings in Invesco QQQ Trust by 569.1% during the 4th 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. 40.90% of the stock is owned by hedge funds and other institutional investors.
NASDAQ QQQ traded down $0.78 during trading hours on Friday, hitting $182.64. 20,730,209 shares of the company were exchanged, compared to its average volume of 35,910,223. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $191.32.
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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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