Brandywine Oak Private Wealth LLC decreased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 0.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,279 shares of the exchange traded fund’s stock after selling 62 shares during the period. Invesco QQQ Trust accounts for about 0.7% of Brandywine Oak Private Wealth LLC’s holdings, making the stock its 25th biggest holding. Brandywine Oak Private Wealth LLC’s holdings in Invesco QQQ Trust were worth $4,793,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in QQQ. AIMZ Investment Advisors LLC raised its holdings in shares of Invesco QQQ Trust by 6.0% during the 4th quarter. AIMZ Investment Advisors LLC now owns 1,011 shares of the exchange traded fund’s stock worth $317,000 after acquiring an additional 57 shares during the period. Lokken Investment Group LLC acquired a new position in Invesco QQQ Trust in the 4th quarter valued at about $1,344,000. Toronto Dominion Bank grew its position in Invesco QQQ Trust by 1,620.4% in the 4th quarter. Toronto Dominion Bank now owns 1,122,493 shares of the exchange traded fund’s stock valued at $352,160,000 after acquiring an additional 1,057,247 shares in the last quarter. Financial Management Network Inc. acquired a new position in Invesco QQQ Trust in the 4th quarter valued at about $2,206,000. Finally, Jacobi Capital Management LLC grew its position in Invesco QQQ Trust by 23.1% in the 4th quarter. Jacobi Capital Management LLC now owns 78,656 shares of the exchange traded fund’s stock valued at $24,677,000 after acquiring an additional 14,756 shares in the last quarter. Hedge funds and other institutional investors own 47.01% of the company’s stock.
NASDAQ QQQ traded down $1.35 during trading on Friday, hitting $331.12. The stock had a trading volume of 1,268,077 shares, compared to its average volume of 31,032,666. The firm has a 50 day moving average price of $322.13 and a 200 day moving average price of $302.70. Invesco QQQ Trust has a twelve month low of $164.93 and a twelve month high of $338.19.
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.
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