Granger Management LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 84.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,447 shares of the exchange traded fund’s stock after selling 13,812 shares during the quarter. Invesco QQQ makes up about 0.3% of Granger Management LLC’s portfolio, making the stock its 5th biggest position. Granger Management LLC’s holdings in Invesco QQQ were worth $1,251,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. International Assets Investment Management LLC grew its position in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. Toronto Dominion Bank raised its stake in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco QQQ by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after purchasing an additional 33,790 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its holdings in shares of Invesco QQQ by 0.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after buying an additional 13,772 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Up 0.2 %
Shares of QQQ opened at $532.64 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The stock has a 50-day moving average of $516.72 and a two-hundred day moving average of $492.81.
Invesco QQQ Announces Dividend
About Invesco QQQ
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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