Allen Investment Management LLC Has $19.53 Million Stake in Invesco QQQ Trust (QQQ)

Allen Investment Management LLC increased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 5,927.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,585 shares of the exchange traded fund’s stock after acquiring an additional 124,485 shares during the period. Invesco QQQ Trust comprises approximately 0.8% of Allen Investment Management LLC’s holdings, making the stock its 29th largest holding. Allen Investment Management LLC’s holdings in Invesco QQQ Trust were worth $19,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Toronto Dominion Bank grew its position in Invesco QQQ Trust by 2,211.8% during the 3rd quarter. Toronto Dominion Bank now owns 4,693,000 shares of the exchange traded fund’s stock worth $871,915,000 after acquiring an additional 4,490,000 shares during the last quarter. Morgan Stanley grew its position in Invesco QQQ Trust by 31.9% during the 3rd quarter. Morgan Stanley now owns 18,007,827 shares of the exchange traded fund’s stock worth $3,345,675,000 after acquiring an additional 4,353,877 shares during the last quarter. Pictet North America Advisors SA grew its position in Invesco QQQ Trust by 14,018.3% during 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 acquiring an additional 3,020,250 shares during the last quarter. Banque Pictet & Cie SA grew its position in Invesco QQQ Trust by 569.1% during 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 acquiring an additional 2,687,482 shares during the last quarter. Finally, Segantii Capital Management Ltd bought a new stake in Invesco QQQ Trust during the 4th quarter worth approximately $179,393,000. Institutional investors and hedge funds own 42.14% of the company’s stock.

NASDAQ:QQQ opened at $171.01 on Thursday. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $187.53.

Separately, Bank of America lowered Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research 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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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