Great Lakes Advisors LLC Takes Position in Invesco QQQ Trust (QQQ)

Great Lakes Advisors LLC purchased a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,047 shares of the exchange traded fund’s stock, valued at approximately $752,000.

A number of other institutional investors have also made changes to their positions in QQQ. Toronto Dominion Bank lifted its holdings 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 valued at $871,915,000 after purchasing an additional 4,490,000 shares during the last quarter. Morgan Stanley lifted its holdings 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 valued at $3,345,675,000 after purchasing an additional 4,353,877 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new stake in Invesco QQQ Trust during the 2nd quarter valued at $434,551,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Invesco QQQ Trust during the second quarter worth $1,158,000. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Invesco QQQ Trust during the third quarter worth $156,064,000. 41.90% of the stock is owned by institutional investors and hedge funds.

QQQ opened at $161.38 on Friday. Invesco QQQ Trust has a fifty-two week low of $150.13 and a fifty-two week high of $187.53.

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

TRADEMARK VIOLATION WARNING: “Great Lakes Advisors LLC Takes Position in Invesco QQQ Trust (QQQ)” was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2018/12/08/great-lakes-advisors-llc-takes-position-in-invesco-qqq-trust-qqq.html.

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.

Featured Story: Is it better to buy a fund with a higher or lower NAV?

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)

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply