Commonwealth Equity Services LLC grew its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,373,787 shares of the exchange traded fund’s stock after acquiring an additional 27,800 shares during the period. Invesco QQQ Trust comprises approximately 1.2% of Commonwealth Equity Services LLC’s portfolio, making the stock its 10th largest position. Commonwealth Equity Services LLC owned 0.35% of Invesco QQQ Trust worth $255,235,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Invesco QQQ Trust during the 2nd quarter worth $104,000. Providence Capital Advisors LLC lifted its position in shares of Invesco QQQ Trust by 487.4% during the 2nd quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 502 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Invesco QQQ Trust during the 3rd quarter worth $108,000. Opera Trading Capital purchased a new stake in shares of Invesco QQQ Trust during the 2nd quarter worth $112,000. Finally, Quad Cities Investment Group LLC purchased a new stake in shares of Invesco QQQ Trust during the 2nd quarter worth $128,000. Institutional investors and hedge funds own 39.07% of the company’s stock.
Shares of NASDAQ:QQQ opened at $171.52 on Friday. Invesco QQQ Trust has a one year low of $150.13 and a one year high of $187.53.
Separately, Bank of America cut 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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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.
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