Integrated Wealth Concepts LLC Raises Stake in Invesco QQQ Trust (QQQ)

Integrated Wealth Concepts LLC lifted its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 11.9% during the third quarter, HoldingsChannel.com reports. The firm owned 8,278 shares of the exchange traded fund’s stock after purchasing an additional 882 shares during the period. Integrated Wealth Concepts LLC’s holdings in Invesco QQQ Trust were worth $1,541,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of QQQ. Opera Trading Capital raised its position in Invesco QQQ Trust by 2,646.2% in the 3rd quarter. Opera Trading Capital now owns 17,850 shares of the exchange traded fund’s stock valued at $3,317,000 after buying an additional 17,200 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Invesco QQQ Trust by 6.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 209,072 shares of the exchange traded fund’s stock valued at $35,888,000 after purchasing an additional 12,837 shares during the last quarter. Sfmg LLC increased its position in shares of Invesco QQQ Trust by 1.1% during the 2nd quarter. Sfmg LLC now owns 220,820 shares of the exchange traded fund’s stock valued at $37,904,000 after purchasing an additional 2,330 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco QQQ Trust by 7.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,438 shares of the exchange traded fund’s stock valued at $253,613,000 after purchasing an additional 101,264 shares during the last quarter. Finally, Sterling Investment Management Inc. increased its position in shares of Invesco QQQ Trust by 6.0% during the 2nd quarter. Sterling Investment Management Inc. now owns 7,738 shares of the exchange traded fund’s stock valued at $1,328,000 after purchasing an additional 437 shares during the last quarter. 41.90% of the stock is currently owned by institutional investors.

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

Shares of Invesco QQQ Trust stock opened at $169.37 on Monday. Invesco QQQ Trust has a 1 year low of $150.13 and a 1 year high of $187.53.

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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.

Further Reading: Leveraged Buyout (LBO) Explained

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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