Invesco QQQ Trust (QQQ) Position Cut by Toronto Dominion Bank
Toronto Dominion Bank reduced its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 48.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,646,100 shares of the exchange traded fund’s stock after selling 1,572,610 shares during the period. Invesco QQQ Trust accounts for about 0.5% of Toronto Dominion Bank’s holdings, making the stock its 23rd biggest holding. Toronto Dominion Bank’s holdings in Invesco QQQ Trust were worth $295,734,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC increased its position in shares of Invesco QQQ Trust by 6.1% during the first quarter. Cetera Advisor Networks LLC now owns 321,527 shares of the exchange traded fund’s stock valued at $57,769,000 after acquiring an additional 18,393 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of Invesco QQQ Trust by 4.6% in the first quarter. Cetera Advisors LLC now owns 136,022 shares of the exchange traded fund’s stock valued at $24,446,000 after purchasing an additional 6,004 shares in the last quarter. Johanson Financial Advisors Inc. grew its holdings in shares of Invesco QQQ Trust by 7.1% in the first quarter. Johanson Financial Advisors Inc. now owns 6,231 shares of the exchange traded fund’s stock valued at $1,120,000 after purchasing an additional 413 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Invesco QQQ Trust in the first quarter valued at approximately $467,000. Finally, Wealthstreet Investment Advisors LLC grew its holdings in shares of Invesco QQQ Trust by 3.6% in the first quarter. Wealthstreet Investment Advisors LLC now owns 46,752 shares of the exchange traded fund’s stock valued at $8,399,000 after purchasing an additional 1,619 shares in the last quarter. Hedge funds and other institutional investors own 44.15% of the company’s stock.
Shares of QQQ stock traded up $2.85 during trading on Thursday, reaching $185.94. The company’s stock had a trading volume of 2,035,357 shares, compared to its average volume of 35,599,266. Invesco QQQ Trust has a 1-year low of $143.46 and a 1-year 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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