Pittenger & Anderson Inc. boosted its position in Invesco QQQ Trust (NASDAQ:QQQ) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 180,000 shares of the exchange traded fund’s stock after purchasing an additional 1,926 shares during the period. Invesco QQQ Trust makes up about 2.6% of Pittenger & Anderson Inc.’s portfolio, making the stock its 2nd largest holding. Pittenger & Anderson Inc.’s holdings in Invesco QQQ Trust were worth $30,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Maple Capital Management Inc. increased its holdings in shares of Invesco QQQ Trust by 19.0% in the first quarter. Maple Capital Management Inc. now owns 2,916 shares of the exchange traded fund’s stock valued at $467,000 after buying an additional 465 shares in the last quarter. North Star Investment Management Corp. raised its stake in Invesco QQQ Trust by 70.1% during the 2nd quarter. North Star Investment Management Corp. now owns 4,942 shares of the exchange traded fund’s stock valued at $848,000 after purchasing an additional 2,036 shares during the period. Sfmg LLC raised its stake in Invesco QQQ Trust by 1.1% during the 2nd quarter. Sfmg LLC now owns 220,820 shares of the exchange traded fund’s stock valued at $37,904,000 after purchasing an additional 2,330 shares during the period. Sterling Investment Management Inc. raised its stake in Invesco QQQ Trust by 6.0% during the 2nd quarter. Sterling Investment Management Inc. now owns 7,738 shares of the exchange traded fund’s stock valued at $1,328,000 after purchasing an additional 437 shares during the period. Finally, Dimension Capital Management LLC acquired a new stake in Invesco QQQ Trust during the 2nd quarter valued at $221,000. Hedge funds and other institutional investors own 39.49% of the company’s stock.

NASDAQ:QQQ traded up $0.08 during trading hours on Friday, hitting $184.61. 674,474 shares of the stock traded hands, compared to its average volume of 28,779,084. Invesco QQQ Trust has a fifty-two week low of $142.10 and a fifty-two week high of $187.52.

About Invesco QQQ Trust

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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