Scotia Capital Inc. Has $15.59 Million Position in Invesco QQQ Trust (NASDAQ:QQQ)

Scotia Capital Inc. lowered its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,474 shares of the exchange traded fund’s stock after selling 5,037 shares during the period. Scotia Capital Inc.’s holdings in Invesco QQQ Trust were worth $15,589,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Thoroughbred Financial Services LLC boosted its stake in Invesco QQQ Trust by 19,082.5% in the second quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock valued at $591,952,000 after acquiring an additional 5,888,658 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco QQQ Trust by 2.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,919,483 shares of the exchange traded fund’s stock valued at $344,869,000 after purchasing an additional 49,503 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Invesco QQQ Trust by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,540,270 shares of the exchange traded fund’s stock worth $287,630,000 after purchasing an additional 97,802 shares during the last quarter. Charles Schwab Investment Advisory Inc. boosted its position in shares of Invesco QQQ Trust by 158.7% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 1,532,770 shares of the exchange traded fund’s stock worth $286,230,000 after purchasing an additional 940,217 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ Trust by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,472,356 shares of the exchange traded fund’s stock worth $274,947,000 after purchasing an additional 36,633 shares during the last quarter. Hedge funds and other institutional investors own 45.92% of the company’s stock.

Shares of Invesco QQQ Trust stock traded up $1.79 during trading on Wednesday, reaching $192.43. 12,527,417 shares of the company were exchanged, compared to its average volume of 28,154,970. The business has a 50-day moving average price of $188.08 and a 200-day moving average price of $184.41. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $195.55.

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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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