Charter Trust Co. reduced its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,009 shares of the exchange traded fund’s stock after selling 776 shares during the period. Charter Trust Co.’s holdings in Invesco QQQ Trust were worth $3,718,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Divergent Wealth Advisors LLC increased its stake in Invesco QQQ Trust by 12.3% in the 3rd quarter. Divergent Wealth Advisors LLC now owns 2,555 shares of the exchange traded fund’s stock worth $460,000 after acquiring an additional 279 shares during the last quarter. Financial Partners Group Inc increased its stake in Invesco QQQ Trust by 1.1% in the 2nd quarter. Financial Partners Group Inc now owns 25,127 shares of the exchange traded fund’s stock worth $4,313,000 after acquiring an additional 283 shares during the last quarter. Summit X LLC increased its stake in Invesco QQQ Trust by 17.2% in the 2nd quarter. Summit X LLC now owns 1,964 shares of the exchange traded fund’s stock worth $338,000 after acquiring an additional 288 shares during the last quarter. Winthrop Advisory Group LLC increased its stake in Invesco QQQ Trust by 8.7% in the 2nd quarter. Winthrop Advisory Group LLC now owns 3,729 shares of the exchange traded fund’s stock worth $640,000 after acquiring an additional 297 shares during the last quarter. Finally, Maple Capital Management Inc. increased its stake in Invesco QQQ Trust by 10.5% in the 2nd quarter. Maple Capital Management Inc. now owns 3,221 shares of the exchange traded fund’s stock worth $553,000 after acquiring an additional 305 shares during the last quarter. 41.90% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:QQQ opened at $166.89 on Friday. Invesco QQQ Trust has a 1 year low of $150.13 and a 1 year high of $187.53.

Separately, Bank of America downgraded Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th.

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

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