Cardan Capital Partners LLC grew its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 53.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,881 shares of the exchange traded fund’s stock after purchasing an additional 62,613 shares during the period. Invesco QQQ Trust makes up about 5.2% of Cardan Capital Partners LLC’s portfolio, making the stock its 2nd biggest position. Cardan Capital Partners LLC’s holdings in Invesco QQQ Trust were worth $33,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of QQQ. Moisand Fitzgerald Tamayo LLC increased its position in shares of Invesco QQQ Trust by 2,409.1% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 552 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 530 shares during the last quarter. Providence Capital Advisors LLC boosted its stake in Invesco QQQ Trust by 487.4% during the 2nd quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 502 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Invesco QQQ Trust in the 3rd quarter worth approximately $108,000. Opera Trading Capital acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter worth approximately $112,000. Finally, Quad Cities Investment Group LLC acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter worth approximately $128,000. 41.18% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trust stock opened at $169.37 on Monday. Invesco QQQ Trust has a twelve month low of $150.13 and a twelve month high of $187.53.
Separately, Bank of America downgraded shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday, November 5th.
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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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