Invesco QQQ Trust (QQQ) Holdings Raised by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. raised its position in Invesco QQQ Trust (NASDAQ:QQQ) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,728 shares of the exchange traded fund’s stock after purchasing an additional 7,098 shares during the period. Pinnacle Associates Ltd.’s holdings in Invesco QQQ Trust were worth $11,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in QQQ. Blue Fin Capital Inc. boosted its stake in Invesco QQQ Trust by 1.6% during the 4th quarter. Blue Fin Capital Inc. now owns 4,571 shares of the exchange traded fund’s stock worth $705,000 after purchasing an additional 70 shares during the period. Duncker Streett & Co. Inc. boosted its stake in Invesco QQQ Trust by 10.7% during the 4th quarter. Duncker Streett & Co. Inc. now owns 777 shares of the exchange traded fund’s stock worth $120,000 after purchasing an additional 75 shares during the period. Leavell Investment Management Inc. boosted its stake in Invesco QQQ Trust by 1.3% during the 4th quarter. Leavell Investment Management Inc. now owns 5,912 shares of the exchange traded fund’s stock worth $912,000 after purchasing an additional 75 shares during the period. LS Investment Advisors LLC boosted its stake in Invesco QQQ Trust by 25.0% during the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 75 shares during the period. Finally, Shine Investment Advisory Services Inc. boosted its stake in Invesco QQQ Trust by 1.6% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 4,709 shares of the exchange traded fund’s stock worth $726,000 after purchasing an additional 76 shares during the period. 42.14% of the stock is currently owned by institutional investors.

Separately, Bank of America cut shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th.

QQQ stock opened at $168.56 on Monday. Invesco QQQ Trust has a one year low of $143.46 and a one year 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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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