Tlwm boosted its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 1.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,575 shares of the exchange traded fund’s stock after purchasing an additional 930 shares during the quarter. Invesco QQQ Trust comprises 8.1% of Tlwm’s portfolio, making the stock its 4th largest position. Tlwm’s holdings in Invesco QQQ Trust were worth $13,857,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Invesco QQQ Trust during the second quarter valued at approximately $104,000. Providence Capital Advisors LLC raised its position in Invesco QQQ Trust by 487.4% in the second quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 502 shares during the period. Opera Trading Capital bought a new position in Invesco QQQ Trust in the second quarter worth approximately $112,000. Quad Cities Investment Group LLC bought a new position in Invesco QQQ Trust in the second quarter worth approximately $128,000. Finally, MinichMacGregor Wealth Management LLC bought a new position in Invesco QQQ Trust in the second quarter worth approximately $143,000. Institutional investors and hedge funds own 40.74% of the company’s stock.
QQQ traded down $0.44 during trading on Friday, hitting $172.74. The company’s stock had a trading volume of 15,029,324 shares, compared to its average volume of 57,748,780. Invesco QQQ Trust has a one year low of $146.33 and a one year high of $187.53.
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.
Recommended Story: Google Finance Portfolio Tips and Tricks
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.