Global Financial Private Capital LLC trimmed its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,312 shares of the exchange traded fund’s stock after selling 17,846 shares during the quarter. Invesco QQQ Trust makes up approximately 1.0% of Global Financial Private Capital LLC’s investment portfolio, making the stock its 25th largest position. Global Financial Private Capital LLC’s holdings in Invesco QQQ Trust were worth $18,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. CX Institutional lifted its stake in shares of Invesco QQQ Trust by 1,811.1% in the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 326 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Invesco QQQ Trust by 25.0% in the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 75 shares during the last quarter. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Invesco QQQ Trust by 2,409.1% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 552 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 530 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Invesco QQQ Trust in the 3rd quarter valued at $108,000. Finally, Edge Wealth Management LLC lifted its stake in shares of Invesco QQQ Trust by 285.4% in the 4th quarter. Edge Wealth Management LLC now owns 632 shares of the exchange traded fund’s stock valued at $97,000 after purchasing an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 42.14% of the company’s stock.

QQQ stock opened at $168.56 on Monday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $187.53.

Separately, Bank of America lowered 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.

Further Reading: Is the QQQ ETF safe?

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

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