Holderness Investments Co. boosted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 0.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 33,350 shares of the exchange traded fund’s stock after acquiring an additional 55 shares during the period. Invesco QQQ Trust comprises approximately 2.9% of Holderness Investments Co.’s holdings, making the stock its 4th largest position. Holderness Investments Co.’s holdings in Invesco QQQ Trust were worth $5,992,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Farmers National Bank purchased a new stake in shares of Invesco QQQ Trust in the first quarter valued at about $28,000. Crosspoint Capital Strategies LLC purchased a new stake in Invesco QQQ Trust during the first quarter worth about $43,000. Sontag Advisory LLC purchased a new stake in Invesco QQQ Trust during the fourth quarter worth about $46,000. Capital Financial Planning LLC purchased a new stake in Invesco QQQ Trust during the fourth quarter worth about $55,000. Finally, LS Investment Advisors LLC increased its holdings in Invesco QQQ Trust by 25.0% during the fourth quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 40.94% of the company’s stock.
NASDAQ QQQ opened at $182.64 on Monday. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $191.32.
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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.
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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).
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