Linscomb & Williams Inc. increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,034 shares of the exchange traded fund’s stock after purchasing an additional 86 shares during the period. Linscomb & Williams Inc.’s holdings in Invesco QQQ Trust were worth $4,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Invesco QQQ Trust by 774.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,415,000 shares of the exchange traded fund’s stock valued at $1,698,902,000 after buying an additional 4,795,555 shares during the last quarter. Nissay Asset Management Corp Japan ADV bought a new stake in Invesco QQQ Trust in the first quarter valued at $629,391,000. Morgan Stanley lifted its stake in Invesco QQQ Trust by 10.4% in the fourth quarter. Morgan Stanley now owns 18,228,872 shares of the exchange traded fund’s stock valued at $5,719,128,000 after buying an additional 1,722,034 shares during the last quarter. Toronto Dominion Bank lifted its stake in Invesco QQQ Trust by 1,620.4% in the fourth quarter. Toronto Dominion Bank now owns 1,122,493 shares of the exchange traded fund’s stock valued at $352,160,000 after buying an additional 1,057,247 shares during the last quarter. Finally, Pictet & Cie Europe SA lifted its stake in Invesco QQQ Trust by 386.1% in the first quarter. Pictet & Cie Europe SA now owns 547,478 shares of the exchange traded fund’s stock valued at $174,717,000 after buying an additional 434,847 shares during the last quarter. Hedge funds and other institutional investors own 45.52% of the company’s stock.
QQQ stock opened at $340.35 on Friday. Invesco QQQ Trust has a 1 year low of $231.47 and a 1 year high of $342.80. The company has a fifty day moving average of $333.17.
Invesco QQQ Trust Company 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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