Madrona Financial Services LLC raised its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,935 shares of the exchange traded fund’s stock after buying an additional 1,289 shares during the quarter. Invesco QQQ Trust comprises 5.4% of Madrona Financial Services LLC’s investment portfolio, making the stock its 4th largest holding. Madrona Financial Services LLC’s holdings in Invesco QQQ Trust were worth $10,511,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Morgan Stanley raised its holdings in Invesco QQQ Trust by 10.4% in the 4th quarter. Morgan Stanley now owns 18,228,872 shares of the exchange traded fund’s stock valued at $5,719,128,000 after acquiring an additional 1,722,034 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Invesco QQQ Trust by 774.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,415,000 shares of the exchange traded fund’s stock worth $1,698,902,000 after buying an additional 4,795,555 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Invesco QQQ Trust by 8.6% in the 1st quarter. Fisher Asset Management LLC now owns 1,744,944 shares of the exchange traded fund’s stock valued at $556,864,000 after buying an additional 138,301 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Invesco QQQ Trust by 35.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,262,834 shares of the exchange traded fund’s stock valued at $396,202,000 after buying an additional 331,187 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Invesco QQQ Trust by 1,620.4% during the 4th quarter. Toronto Dominion Bank now owns 1,122,493 shares of the exchange traded fund’s stock worth $352,160,000 after acquiring an additional 1,057,247 shares during the period. 47.01% of the stock is owned by institutional investors.
NASDAQ QQQ opened at $326.39 on Friday. Invesco QQQ Trust has a twelve month low of $218.33 and a twelve month high of $342.80. The company’s 50-day simple moving average is $331.76 and its 200 day simple moving average is $318.89.
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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