Weatherly Asset Management L. P. Reduces Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

Weatherly Asset Management L. P. lessened its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,988 shares of the exchange traded fund’s stock after selling 42 shares during the period. Weatherly Asset Management L. P.’s holdings in Invesco QQQ Trust were worth $529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Invesco QQQ Trust by 1,806.9% in the 3rd quarter. Toronto Dominion Bank now owns 4,430,360 shares of the exchange traded fund’s stock worth $1,183,814,000 after purchasing an additional 4,198,026 shares during the period. Commonwealth Equity Services LLC boosted its position in Invesco QQQ Trust by 5.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,013,660 shares of the exchange traded fund’s stock valued at $538,170,000 after acquiring an additional 107,600 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Invesco QQQ Trust by 8.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,903,221 shares of the exchange traded fund’s stock worth $508,727,000 after acquiring an additional 143,095 shares during the period. First Republic Investment Management Inc. raised its position in shares of Invesco QQQ Trust by 8.4% in the 3rd quarter. First Republic Investment Management Inc. now owns 1,535,707 shares of the exchange traded fund’s stock worth $410,433,000 after acquiring an additional 119,648 shares in the last quarter. Finally, Meitav Dash Investments Ltd. lifted its stake in shares of Invesco QQQ Trust by 0.5% in the 3rd quarter. Meitav Dash Investments Ltd. now owns 1,468,376 shares of the exchange traded fund’s stock valued at $399,146,000 after purchasing an additional 6,853 shares during the period. Institutional investors own 43.08% of the company’s stock.

Invesco QQQ Trust Stock Performance

NASDAQ QQQ opened at $305.36 on Friday. The stock’s 50 day moving average is $294.12 and its 200 day moving average is $284.38. Invesco QQQ Trust has a twelve month low of $254.26 and a twelve month high of $371.83.

Invesco QQQ Trust Profile

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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.