Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 588,817 shares of the exchange traded fund’s stock after purchasing an additional 5,558 shares during the quarter. Invesco QQQ Trust comprises approximately 1.0% of Cambridge Investment Research Advisors Inc.’s holdings, making the stock its 11th largest position. Cambridge Investment Research Advisors Inc.’s holdings in Invesco QQQ Trust were worth $105,787,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Stony Point Wealth Management Inc. boosted its stake in Invesco QQQ Trust by 9.5% during the 1st quarter. Stony Point Wealth Management Inc. now owns 59,238 shares of the exchange traded fund’s stock valued at $10,643,000 after purchasing an additional 5,144 shares during the period. Pinnacle Financial Partners Inc. bought a new stake in Invesco QQQ Trust during the 1st quarter valued at approximately $379,000. Providence Wealth Advisors LLC boosted its stake in Invesco QQQ Trust by 7.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 14,332 shares of the exchange traded fund’s stock valued at $2,602,000 after purchasing an additional 970 shares during the period. First Manhattan Co. boosted its stake in Invesco QQQ Trust by 8.3% during the 4th quarter. First Manhattan Co. now owns 6,929 shares of the exchange traded fund’s stock valued at $1,069,000 after purchasing an additional 530 shares during the period. Finally, Whitnell & Co. boosted its stake in Invesco QQQ Trust by 306.1% during the 4th quarter. Whitnell & Co. now owns 796 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 42.82% of the company’s stock.
Shares of NASDAQ:QQQ opened at $178.25 on Friday. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $191.32.
TRADEMARK VIOLATION NOTICE: This article was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/4351015/invesco-qqq-trust-qqq-position-increased-by-cambridge-investment-research-advisors-inc.html.
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: Fundamental Analysis and Choosing Stocks
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.