Janney Montgomery Scott LLC boosted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 623,894 shares of the exchange traded fund’s stock after buying an additional 28,059 shares during the quarter. Invesco QQQ Trust makes up about 0.9% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 13th largest holding. Janney Montgomery Scott LLC owned approximately 0.16% of Invesco QQQ Trust worth $96,242,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Invesco QQQ Trust by 95.1% during the second quarter. Renaissance Technologies LLC now owns 31,800 shares of the exchange traded fund’s stock valued at $5,458,000 after purchasing an additional 15,500 shares in the last quarter. Hollencrest Capital Management raised its stake in Invesco QQQ Trust by 1.7% during the third quarter. Hollencrest Capital Management now owns 412,514 shares of the exchange traded fund’s stock valued at $76,641,000 after purchasing an additional 6,863 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in Invesco QQQ Trust during the third quarter valued at $2,623,000. Bouchey Financial Group Ltd raised its stake in Invesco QQQ Trust by 12.8% during the third quarter. Bouchey Financial Group Ltd now owns 300,612 shares of the exchange traded fund’s stock valued at $55,851,000 after purchasing an additional 34,184 shares in the last quarter. Finally, Atria Investments LLC raised its stake in Invesco QQQ Trust by 47.6% during the third quarter. Atria Investments LLC now owns 362,777 shares of the exchange traded fund’s stock valued at $67,400,000 after purchasing an additional 116,997 shares in the last quarter. Institutional investors own 41.49% of the company’s stock.
Separately, Bank of America downgraded shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th.
Invesco QQQ Trust stock opened at $171.03 on Wednesday. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $187.53.
ILLEGAL ACTIVITY NOTICE: “Janney Montgomery Scott LLC Acquires 28,059 Shares of Invesco QQQ Trust (QQQ)” was first reported by Equities Focus and is the sole property of of Equities Focus. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.equitiesfocus.com/2019/02/06/janney-montgomery-scott-llc-acquires-28059-shares-of-invesco-qqq-trust-qqq.html.
Invesco QQQ Trust 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.
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).
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.