Invesco QQQ Trust (NASDAQ:QQQ) Stake Increased by Williams Jones & Associates LLC

Williams Jones & Associates LLC lifted its position in Invesco QQQ Trust (NASDAQ:QQQ) by 84.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,017 shares of the exchange traded fund’s stock after acquiring an additional 136,190 shares during the quarter. Invesco QQQ Trust makes up approximately 1.2% of Williams Jones & Associates LLC’s portfolio, making the stock its 28th largest position. Williams Jones & Associates LLC owned about 0.08% of Invesco QQQ Trust worth $53,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. boosted its holdings in shares of Invesco QQQ Trust by 1.4% in the 1st quarter. Carmichael Hill & Associates Inc. now owns 3,730 shares of the exchange traded fund’s stock worth $670,000 after buying an additional 53 shares during the last quarter. Renaissance Investment Group LLC boosted its holdings in shares of Invesco QQQ Trust by 3.0% in the 1st quarter. Renaissance Investment Group LLC now owns 1,851 shares of the exchange traded fund’s stock worth $333,000 after buying an additional 54 shares during the last quarter. Middleton & Co Inc MA boosted its holdings in shares of Invesco QQQ Trust by 3.3% in the 1st quarter. Middleton & Co Inc MA now owns 1,870 shares of the exchange traded fund’s stock worth $336,000 after buying an additional 60 shares during the last quarter. Seelaus Asset Management LLC boosted its holdings in shares of Invesco QQQ Trust by 1.4% in the 1st quarter. Seelaus Asset Management LLC now owns 4,255 shares of the exchange traded fund’s stock worth $764,000 after buying an additional 60 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its holdings in shares of Invesco QQQ Trust by 5.1% in the 1st quarter. TCI Wealth Advisors Inc. now owns 1,328 shares of the exchange traded fund’s stock worth $239,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 40.90% of the company’s stock.

NASDAQ QQQ traded down $0.15 during trading on Tuesday, hitting $183.00. 21,263,070 shares of the company’s stock traded hands, compared to its average volume of 38,893,028. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $191.32.

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

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