Freestone Capital Holdings LLC lessened its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 21.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,789 shares of the exchange traded fund’s stock after selling 484 shares during the period. Freestone Capital Holdings LLC’s holdings in Invesco QQQ Trust were worth $321,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Invesco QQQ Trust by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 114,479 shares of the exchange traded fund’s stock worth $21,270,000 after purchasing an additional 1,154 shares in the last quarter. BB&T Corp raised its holdings in Invesco QQQ Trust by 20.2% in the 4th quarter. BB&T Corp now owns 7,273 shares of the exchange traded fund’s stock worth $1,122,000 after purchasing an additional 1,222 shares in the last quarter. UMB Bank N A MO raised its holdings in Invesco QQQ Trust by 28.3% in the 4th quarter. UMB Bank N A MO now owns 1,890 shares of the exchange traded fund’s stock worth $292,000 after purchasing an additional 417 shares in the last quarter. Harwood Advisory Group LLC purchased a new stake in shares of Invesco QQQ Trust in the 4th quarter worth about $1,524,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Invesco QQQ Trust in the 4th quarter worth about $10,058,000. 40.35% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:QQQ opened at $178.16 on Monday. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year high of $191.32.
About Invesco QQQ Trust
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.
Featured Story: Trade Deficit
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.