Lido Advisors LLC Acquires 5,152 Shares of Invesco QQQ Trust (QQQ)

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Lido Advisors LLC increased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 33.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,609 shares of the exchange traded fund’s stock after purchasing an additional 5,152 shares during the period. Lido Advisors LLC’s holdings in Invesco QQQ Trust were worth $3,537,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Maple Capital Management Inc. lifted its position in Invesco QQQ Trust by 19.0% during the first quarter. Maple Capital Management Inc. now owns 2,916 shares of the exchange traded fund’s stock valued at $467,000 after acquiring an additional 465 shares during the last quarter. North Star Investment Management Corp. lifted its position in Invesco QQQ Trust by 70.1% during the second quarter. North Star Investment Management Corp. now owns 4,942 shares of the exchange traded fund’s stock valued at $848,000 after acquiring an additional 2,036 shares during the last quarter. Sfmg LLC lifted its position in Invesco QQQ Trust by 1.1% during the second quarter. Sfmg LLC now owns 220,820 shares of the exchange traded fund’s stock valued at $37,904,000 after acquiring an additional 2,330 shares during the last quarter. Dimension Capital Management LLC purchased a new stake in Invesco QQQ Trust during the second quarter valued at approximately $221,000. Finally, Private Asset Management Inc. purchased a new stake in Invesco QQQ Trust during the second quarter valued at approximately $761,000. Hedge funds and other institutional investors own 40.46% of the company’s stock.

NASDAQ:QQQ opened at $181.81 on Friday. Invesco QQQ Trust has a 52 week low of $142.10 and a 52 week high of $187.52.

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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