Invesco QQQ Trust (QQQ) Stake Boosted by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,104 shares of the exchange traded fund’s stock after purchasing an additional 341 shares during the period. Invesco QQQ Trust makes up 0.7% of Cerity Partners LLC’s portfolio, making the stock its 27th biggest position. Cerity Partners LLC’s holdings in Invesco QQQ Trust were worth $9,889,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CX Institutional raised its position in Invesco QQQ Trust by 1,811.1% in the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 326 shares during the last quarter. LS Investment Advisors LLC raised its position in Invesco QQQ Trust by 25.0% in the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 75 shares during the last quarter. Lenox Wealth Management Inc. raised its position in Invesco QQQ Trust by 848.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the exchange traded fund’s stock valued at $87,000 after buying an additional 1,044 shares during the last quarter. Edge Wealth Management LLC raised its position in Invesco QQQ Trust by 285.4% in the 4th quarter. Edge Wealth Management LLC now owns 632 shares of the exchange traded fund’s stock valued at $97,000 after buying an additional 468 shares during the last quarter. Finally, NuWave Investment Management LLC raised its position in Invesco QQQ Trust by 21.3% in the 4th quarter. NuWave Investment Management LLC now owns 644 shares of the exchange traded fund’s stock valued at $99,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 42.14% of the company’s stock.

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Separately, Bank of America lowered Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research report on Monday, November 5th.

Shares of Invesco QQQ Trust stock opened at $171.22 on Friday. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $187.53.

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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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