Invesco QQQ Trust (QQQ) Stake Lifted by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. grew its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 88.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,063 shares of the exchange traded fund’s stock after acquiring an additional 2,379 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Invesco QQQ Trust were worth $781,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CX Institutional grew its stake in Invesco QQQ Trust by 1,811.1% during the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 326 shares during the last quarter. LS Investment Advisors LLC grew 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 buying an additional 75 shares during the last quarter. Lenox Wealth Management Inc. grew its stake in Invesco QQQ Trust by 848.8% during the 4th quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the exchange traded fund’s stock worth $87,000 after buying an additional 1,044 shares during the last quarter. Edge Wealth Management LLC grew its stake in Invesco QQQ Trust by 285.4% during the 4th quarter. Edge Wealth Management LLC now owns 632 shares of the exchange traded fund’s stock worth $97,000 after buying an additional 468 shares during the last quarter. Finally, NuWave Investment Management LLC grew its stake in Invesco QQQ Trust by 21.3% during the 4th quarter. NuWave Investment Management LLC now owns 644 shares of the exchange traded fund’s stock worth $99,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 42.14% of the company’s stock.

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

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.

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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.

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

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