Wealthfront Advisers LLC Decreases Stake in Invesco QQQ Trust (NASDAQ:QQQ)

Wealthfront Advisers LLC decreased its position in Invesco QQQ Trust (NASDAQ:QQQ) by 10.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,884 shares of the exchange traded fund’s stock after selling 671 shares during the quarter. Wealthfront Advisers LLC’s holdings in Invesco QQQ Trust were worth $1,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carmichael Hill & Associates Inc. raised its stake in Invesco QQQ Trust by 1.4% during the 1st quarter. Carmichael Hill & Associates Inc. now owns 3,730 shares of the exchange traded fund’s stock valued at $670,000 after acquiring an additional 53 shares in the last quarter. Renaissance Investment Group LLC raised its stake in Invesco QQQ Trust by 3.0% during the 1st quarter. Renaissance Investment Group LLC now owns 1,851 shares of the exchange traded fund’s stock valued at $333,000 after acquiring an additional 54 shares in the last quarter. Middleton & Co Inc MA raised its stake in Invesco QQQ Trust by 3.3% during the 1st quarter. Middleton & Co Inc MA now owns 1,870 shares of the exchange traded fund’s stock valued at $336,000 after acquiring an additional 60 shares in the last quarter. Seelaus Asset Management LLC raised its stake in Invesco QQQ Trust by 1.4% during the 1st quarter. Seelaus Asset Management LLC now owns 4,255 shares of the exchange traded fund’s stock valued at $764,000 after acquiring an additional 60 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its stake in Invesco QQQ Trust by 5.1% during the 1st quarter. TCI Wealth Advisors Inc. now owns 1,328 shares of the exchange traded fund’s stock valued at $239,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 40.90% of the company’s stock.

Shares of QQQ traded down $0.88 during midday trading on Friday, reaching $182.54. The stock had a trading volume of 11,038,668 shares, compared to its average volume of 36,838,664. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $191.32.

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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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