EWG Elevate Inc. Reduces Holdings in Invesco QQQ (NASDAQ:QQQ)

EWG Elevate Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 92.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,374 shares of the exchange traded fund’s stock after selling 27,985 shares during the period. EWG Elevate Inc.’s holdings in Invesco QQQ were worth $1,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after purchasing an additional 162,691 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Invesco QQQ by 2.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Invesco QQQ by 15.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,458,165 shares of the exchange traded fund’s stock worth $597,148,000 after buying an additional 194,381 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded down $3.74 during mid-day trading on Thursday, reaching $481.47. The company had a trading volume of 32,623,987 shares, compared to its average volume of 41,531,434. Invesco QQQ has a one year low of $342.35 and a one year high of $486.86. The stock’s 50-day simple moving average is $448.65 and its two-hundred day simple moving average is $432.54.

Invesco QQQ Profile

(Free Report)

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 (NASDAQ:QQQ)

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