Crewe Advisors LLC increased its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,271 shares of the exchange traded fund’s stock after buying an additional 81 shares during the quarter. Invesco QQQ Trust comprises approximately 0.6% of Crewe Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Crewe Advisors LLC’s holdings in Invesco QQQ Trust were worth $2,223,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of QQQ. Morgan Stanley boosted its holdings in shares of Invesco QQQ Trust by 14.5% in the 1st quarter. Morgan Stanley now owns 20,868,301 shares of the exchange traded fund’s stock valued at $6,659,701,000 after purchasing an additional 2,639,429 shares in the last quarter. Nissay Asset Management Corp Japan ADV acquired a new stake in shares of Invesco QQQ Trust in the 1st quarter valued at $629,391,000. Weitzel Financial Services Inc. boosted its holdings in shares of Invesco QQQ Trust by 40,975.7% in the 2nd quarter. Weitzel Financial Services Inc. now owns 1,802,400 shares of the exchange traded fund’s stock valued at $4,895,000 after purchasing an additional 1,798,012 shares in the last quarter. Beacon Capital Management Inc. acquired a new stake in shares of Invesco QQQ Trust in the 2nd quarter valued at $220,348,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Invesco QQQ Trust by 3,553.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 800,000 shares of the exchange traded fund’s stock valued at $255,304,000 after purchasing an additional 778,100 shares in the last quarter. 44.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ QQQ traded down $3.74 during mid-day trading on Friday, hitting $374.57. 1,726,002 shares of the stock traded hands, compared to its average volume of 41,697,750. Invesco QQQ Trust has a twelve month low of $260.11 and a twelve month high of $382.78. The firm has a 50 day simple moving average of $369.79 and a two-hundred day simple moving average of $345.24.
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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