Elevated Capital Advisors LLC Makes New Investment in Invesco QQQ Trust (NASDAQ:QQQ)

Elevated Capital Advisors LLC acquired a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,289 shares of the exchange traded fund’s stock, valued at approximately $274,000.

A number of other hedge funds also recently added to or reduced their stakes in QQQ. Johanson Financial Advisors Inc. boosted its position in shares of Invesco QQQ Trust by 21,469.7% in the fourth quarter. Johanson Financial Advisors Inc. now owns 1,356,521 shares of the exchange traded fund’s stock valued at $6,376,000 after acquiring an additional 1,350,232 shares during the period. Belvedere Trading LLC boosted its position in shares of Invesco QQQ Trust by 118.9% in the fourth quarter. Belvedere Trading LLC now owns 114,836 shares of the exchange traded fund’s stock valued at $24,415,000 after acquiring an additional 723,775 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives bought a new stake in shares of Invesco QQQ Trust in the third quarter valued at about $98,936,000. Banco Santander S.A. boosted its position in shares of Invesco QQQ Trust by 1,699.4% in the third quarter. Banco Santander S.A. now owns 327,593 shares of the exchange traded fund’s stock valued at $61,853,000 after acquiring an additional 309,387 shares during the period. Finally, Bailard Inc. boosted its position in shares of Invesco QQQ Trust by 465.6% in the fourth quarter. Bailard Inc. now owns 372,933 shares of the exchange traded fund’s stock valued at $79,289,000 after acquiring an additional 306,997 shares during the period. 39.98% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine cut shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th.

Shares of Invesco QQQ Trust stock opened at $233.97 on Friday. The firm has a 50-day moving average of $220.75 and a 200-day moving average of $201.23. Invesco QQQ Trust has a 52-week low of $169.27 and a 52-week high of $234.93.

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.

See Also: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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