MADDEN SECURITIES Corp Decreases Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

MADDEN SECURITIES Corp reduced its holdings in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 6.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,642 shares of the exchange traded fund’s stock after selling 184 shares during the period. MADDEN SECURITIES Corp’s holdings in Invesco QQQ Trust were worth $704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Toronto Dominion Bank grew its stake in shares of Invesco QQQ Trust by 1,806.9% in the 3rd quarter. Toronto Dominion Bank now owns 4,430,360 shares of the exchange traded fund’s stock worth $1,183,814,000 after buying an additional 4,198,026 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Invesco QQQ Trust by 146.1% during the 3rd quarter. SG Americas Securities LLC now owns 376,984 shares of the exchange traded fund’s stock worth $100,753,000 after purchasing an additional 1,195,481 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Invesco QQQ Trust during the 3rd quarter worth about $230,774,000. Centiva Capital LP boosted its stake in shares of Invesco QQQ Trust by 862.3% during the 2nd quarter. Centiva Capital LP now owns 963,300 shares of the exchange traded fund’s stock worth $269,994,000 after purchasing an additional 863,200 shares during the period. Finally, QVR LLC boosted its stake in shares of Invesco QQQ Trust by 100.3% during the 3rd quarter. QVR LLC now owns 2,500 shares of the exchange traded fund’s stock worth $668,000 after purchasing an additional 751,100 shares during the period. 43.08% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trust Price Performance

Shares of QQQ stock traded down $1.45 during trading hours on Friday, reaching $305.36. 89,923,732 shares of the stock were exchanged, compared to its average volume of 57,924,199. Invesco QQQ Trust has a 12-month low of $254.26 and a 12-month high of $371.83. The company’s 50-day moving average price is $294.12 and its 200-day moving average price is $284.50.

About Invesco QQQ Trust

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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.