Invesco QQQ Trust (QQQ) Shares Sold by Argent Trust Co

Argent Trust Co reduced its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,320 shares of the exchange traded fund’s stock after selling 65 shares during the quarter. Argent Trust Co’s holdings in Invesco QQQ Trust were worth $821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in Invesco QQQ Trust by 0.5% in the fourth quarter. Cerity Partners LLC now owns 64,104 shares of the exchange traded fund’s stock valued at $9,889,000 after buying an additional 341 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in Invesco QQQ Trust by 25.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 21,507 shares of the exchange traded fund’s stock valued at $3,318,000 after buying an additional 4,316 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its holdings in Invesco QQQ Trust by 88.6% in the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 5,063 shares of the exchange traded fund’s stock valued at $781,000 after buying an additional 2,379 shares during the period. Kovack Advisors Inc. lifted its holdings in Invesco QQQ Trust by 17.9% in the fourth quarter. Kovack Advisors Inc. now owns 21,647 shares of the exchange traded fund’s stock valued at $3,339,000 after buying an additional 3,293 shares during the period. Finally, Portfolio Solutions LLC acquired a new position in Invesco QQQ Trust in the fourth quarter valued at approximately $135,000. 42.14% of the stock is currently owned by institutional investors and hedge funds.

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Separately, Bank of America lowered shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday, November 5th.

Shares of NASDAQ QQQ opened at $171.22 on Friday. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $187.53.

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Invesco QQQ Trust 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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