Objective Capital Management LLC Buys 240 Shares of Invesco QQQ (NASDAQ:QQQ)

Objective Capital Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,298 shares of the exchange traded fund’s stock after purchasing an additional 240 shares during the period. Invesco QQQ comprises 3.8% of Objective Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Objective Capital Management LLC’s holdings in Invesco QQQ were worth $5,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after acquiring an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Invesco QQQ by 7.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after purchasing an additional 162,691 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Invesco QQQ by 2.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0 %

NASDAQ:QQQ opened at $479.18 on Monday. Invesco QQQ has a one year low of $342.35 and a one year high of $479.26. The stock has a 50 day moving average price of $445.24 and a 200 day moving average price of $430.47.

Invesco QQQ 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.