Sound View Wealth Advisors LLC purchased a new stake in Invesco QQQ Trust (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,504 shares of the exchange traded fund’s stock, valued at approximately $232,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Titus Wealth Management increased its position in shares of Invesco QQQ Trust by 5.4% in the third quarter. Titus Wealth Management now owns 29,099 shares of the exchange traded fund’s stock valued at $5,406,000 after acquiring an additional 1,498 shares during the period. Smithfield Trust Co. boosted its stake in shares of Invesco QQQ Trust by 26.8% during the 3rd quarter. Smithfield Trust Co. now owns 2,087 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 441 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Invesco QQQ Trust by 28.7% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 16,381 shares of the exchange traded fund’s stock valued at $3,049,000 after purchasing an additional 3,653 shares in the last quarter. Starfire Investment Advisers Inc. boosted its stake in shares of Invesco QQQ Trust by 2.0% during the 3rd quarter. Starfire Investment Advisers Inc. now owns 61,402 shares of the exchange traded fund’s stock valued at $11,407,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Mint Tower Capital Management B.V. bought a new stake in shares of Invesco QQQ Trust during the 3rd quarter valued at about $8,892,000. 48.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of QQQ traded up $1.64 during trading hours on Friday, reaching $178.35. 37,963,948 shares of the company traded hands, compared to its average volume of 36,002,398. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $187.53.
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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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