Zurich Insurance Group Ltd FI grew its position in Invesco QQQ Trust (NASDAQ:QQQ) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,251 shares of the exchange traded fund’s stock after buying an additional 4,120 shares during the period. Invesco QQQ Trust accounts for approximately 1.6% of Zurich Insurance Group Ltd FI’s investment portfolio, making the stock its 6th largest position. Zurich Insurance Group Ltd FI’s holdings in Invesco QQQ Trust were worth $79,785,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in Invesco QQQ Trust by 59.8% during the 2nd quarter. Morgan Stanley now owns 17,764,053 shares of the exchange traded fund’s stock worth $3,317,260,000 after buying an additional 6,650,061 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in Invesco QQQ Trust during the 2nd quarter worth approximately $8,993,000. Thoroughbred Financial Services LLC lifted its holdings in Invesco QQQ Trust by 19,082.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock worth $591,952,000 after buying an additional 5,888,658 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco QQQ Trust by 2.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,919,483 shares of the exchange traded fund’s stock worth $344,869,000 after buying an additional 49,503 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Invesco QQQ Trust by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,540,270 shares of the exchange traded fund’s stock worth $287,630,000 after buying an additional 97,802 shares in the last quarter. 45.41% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trust stock traded down $1.83 during mid-day trading on Friday, reaching $191.01. 2,107,373 shares of the company’s stock were exchanged, compared to its average volume of 25,204,052. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $195.55. The company has a fifty day moving average of $187.73 and a 200-day moving average of $185.16.
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.
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