Invesco QQQ Trust (QQQ) Shares Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. lifted its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,112 shares of the exchange traded fund’s stock after buying an additional 1,233 shares during the period. Wesbanco Bank Inc.’s holdings in Invesco QQQ Trust were worth $4,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley raised its holdings in shares of Invesco QQQ Trust by 31.9% in the 3rd quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock worth $3,345,675,000 after purchasing an additional 4,353,877 shares during the period. Toronto Dominion Bank raised its holdings in shares of Invesco QQQ Trust by 2,211.8% in the 3rd quarter. Toronto Dominion Bank now owns 4,693,000 shares of the exchange traded fund’s stock worth $871,915,000 after purchasing an additional 4,490,000 shares during the period. Banque Pictet & Cie SA raised its holdings in shares of Invesco QQQ Trust by 569.1% in the 4th quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock worth $487,424,000 after purchasing an additional 2,687,482 shares during the period. Pictet North America Advisors SA raised its holdings in shares of Invesco QQQ Trust by 14,018.3% in the 4th quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock worth $469,227,000 after purchasing an additional 3,020,250 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco QQQ Trust by 9.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,614,932 shares of the exchange traded fund’s stock worth $300,053,000 after purchasing an additional 137,494 shares during the period. Hedge funds and other institutional investors own 42.14% of the company’s stock.

QQQ stock traded up $0.35 during midday trading on Monday, reaching $168.91. 1,030,344 shares of the company’s stock traded hands, compared to its average volume of 34,723,516. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $187.53.

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

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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).

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

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