Weiss Asset Management LP Makes New Investment in Invesco QQQ Trust (NASDAQ:QQQ)

Weiss Asset Management LP acquired a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,060 shares of the exchange traded fund’s stock, valued at approximately $3,758,000.

Several other large investors have also modified their holdings of the stock. WJ Wealth Management LLC lifted its position in shares of Invesco QQQ Trust by 1.3% in the 3rd quarter. WJ Wealth Management LLC now owns 33,157 shares of the exchange traded fund’s stock valued at $8,851,000 after acquiring an additional 436 shares in the last quarter. Advance Capital Management Inc. grew its holdings in shares of Invesco QQQ Trust by 1,852.2% during the third quarter. Advance Capital Management Inc. now owns 55,013 shares of the exchange traded fund’s stock valued at $14,703,000 after buying an additional 52,195 shares in the last quarter. Infini Capital Management Ltd raised its position in Invesco QQQ Trust by 180.4% during the second quarter. Infini Capital Management Ltd now owns 140,690 shares of the exchange traded fund’s stock valued at $39,433,000 after buying an additional 90,510 shares during the period. Castleview Partners LLC lifted its stake in Invesco QQQ Trust by 3,344.1% in the 2nd quarter. Castleview Partners LLC now owns 17,427 shares of the exchange traded fund’s stock worth $314,000 after acquiring an additional 16,921 shares in the last quarter. Finally, EWG Elevate Inc. boosted its position in Invesco QQQ Trust by 2,643.6% during the 3rd quarter. EWG Elevate Inc. now owns 20,303 shares of the exchange traded fund’s stock worth $5,426,000 after acquiring an additional 19,563 shares during the period. 43.08% of the stock is owned by institutional investors.

Invesco QQQ Trust Stock Down 0.5 %

NASDAQ:QQQ opened at $305.36 on Friday. The stock’s 50-day moving average is $294.12 and its two-hundred day moving average is $284.38. Invesco QQQ Trust has a fifty-two week low of $254.26 and a fifty-two week high of $371.83.

Invesco QQQ Trust Profile

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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.