Invesco QQQ Trust (QQQ) Holdings Reduced by Mizuho Securities USA LLC

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Mizuho Securities USA LLC lowered its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 87.0% during the fourth quarter, Holdings Channel reports. The fund owned 177,740 shares of the exchange traded fund’s stock after selling 1,185,675 shares during the period. Invesco QQQ Trust makes up approximately 3.7% of Mizuho Securities USA LLC’s holdings, making the stock its 3rd biggest holding. Mizuho Securities USA LLC’s holdings in Invesco QQQ Trust were worth $27,398,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Opera Trading Capital boosted its stake in shares of Invesco QQQ Trust by 2,646.2% in the 3rd quarter. Opera Trading Capital now owns 17,850 shares of the exchange traded fund’s stock valued at $3,317,000 after purchasing an additional 17,200 shares during the last quarter. Pettyjohn Wood & White Inc. boosted its stake in shares of Invesco QQQ Trust by 2.1% in the 3rd quarter. Pettyjohn Wood & White Inc. now owns 27,458 shares of the exchange traded fund’s stock valued at $5,101,000 after purchasing an additional 575 shares during the last quarter. First Heartland Consultants Inc. boosted its stake in shares of Invesco QQQ Trust by 118.7% in the 3rd quarter. First Heartland Consultants Inc. now owns 64,908 shares of the exchange traded fund’s stock valued at $12,059,000 after purchasing an additional 35,235 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Invesco QQQ Trust by 3.0% in the 3rd quarter. D.A. Davidson & CO. now owns 72,321 shares of the exchange traded fund’s stock valued at $13,437,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Fluent Financial LLC bought a new position in shares of Invesco QQQ Trust in the 3rd quarter valued at about $280,000. 41.49% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Bank of America lowered shares of Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th.

Shares of NASDAQ QQQ opened at $168.56 on Friday. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $187.53.

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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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

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

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