Bank of Hawaii Sells 520 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Bank of Hawaii trimmed its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,609 shares of the exchange traded fund’s stock after selling 520 shares during the period. Bank of Hawaii’s holdings in Invesco QQQ Trust were worth $2,948,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Morgan Stanley grew its position in Invesco QQQ Trust by 75.3% during the first quarter. Morgan Stanley now owns 15,893,579 shares of the exchange traded fund’s stock valued at $3,026,138,000 after acquiring an additional 6,827,922 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Invesco QQQ Trust by 76.1% during the third quarter. Envestnet Asset Management Inc. now owns 5,219,150 shares of the exchange traded fund’s stock valued at $1,450,089,000 after acquiring an additional 2,255,392 shares in the last quarter. TD Asset Management Inc. increased its holdings in Invesco QQQ Trust by 1.4% in the 3rd quarter. TD Asset Management Inc. now owns 3,515,553 shares of the exchange traded fund’s stock worth $976,761,000 after buying an additional 49,555 shares in the last quarter. Nippon Life Insurance Co. increased its holdings in Invesco QQQ Trust by 214.3% in the 2nd quarter. Nippon Life Insurance Co. now owns 3,239,278 shares of the exchange traded fund’s stock worth $802,045,000 after buying an additional 2,208,514 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co increased its holdings in Invesco QQQ Trust by 226.0% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 2,730,972 shares of the exchange traded fund’s stock worth $758,773,000 after buying an additional 1,893,293 shares in the last quarter. Institutional investors own 42.99% of the company’s stock.

Shares of Invesco QQQ Trust stock traded down $0.35 during trading hours on Monday, reaching $298.66. 283,973 shares of the stock traded hands, compared to its average volume of 48,554,063. The company has a 50 day moving average price of $286.69 and a 200 day moving average price of $265.96. Invesco QQQ Trust has a one year low of $164.93 and a one year high of $303.50.

About Invesco QQQ Trust

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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