Townsquare Capital LLC Buys New Position in Invesco QQQ Trust (QQQ)

Townsquare Capital LLC bought a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ) in the 4th quarter, Holdings Channel reports. The firm bought 7,527 shares of the exchange traded fund’s stock, valued at approximately $1,284,000.

A number of other hedge funds have also bought and sold shares of the stock. CX Institutional increased its holdings in shares of Invesco QQQ Trust by 1,811.1% in the fourth quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 326 shares during the period. LS Investment Advisors LLC increased its holdings in shares of Invesco QQQ Trust by 25.0% in the fourth quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 75 shares during the period. Delta Asset Management LLC TN increased its holdings in shares of Invesco QQQ Trust by 149.1% in the fourth quarter. Delta Asset Management LLC TN now owns 436 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 261 shares during the period. Bruderman Asset Management LLC acquired a new position in shares of Invesco QQQ Trust in the fourth quarter valued at approximately $74,000. Finally, Lenox Wealth Management Inc. increased its holdings in shares of Invesco QQQ Trust by 848.8% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the exchange traded fund’s stock valued at $87,000 after purchasing an additional 1,044 shares during the period. Hedge funds and other institutional investors own 42.47% of the company’s stock.

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NASDAQ:QQQ opened at $171.17 on Friday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $187.53.

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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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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).