Chevy Chase Trust Holdings Inc. trimmed its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 23.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,935 shares of the exchange traded fund’s stock after selling 910 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Invesco QQQ Trust were worth $545,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Invesco QQQ Trust during the second quarter worth $104,000. Providence Capital Advisors LLC increased its holdings in shares of Invesco QQQ Trust by 487.4% in the 2nd quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 502 shares during the period. Opera Trading Capital acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter worth about $112,000. Quad Cities Investment Group LLC acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter worth about $128,000. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter worth about $143,000. 39.19% of the stock is currently owned by institutional investors.
QQQ stock opened at $169.38 on Friday. Invesco QQQ Trust has a fifty-two week low of $150.13 and a fifty-two week high of $187.53.
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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