Global Wealth Management Investment Advisory Inc. decreased its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2.7% during the first quarter, HoldingsChannel reports. The firm owned 13,157 shares of the exchange traded fund’s stock after selling 372 shares during the quarter. Invesco QQQ Trust accounts for approximately 1.2% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 29th biggest position. Global Wealth Management Investment Advisory Inc.’s holdings in Invesco QQQ Trust were worth $2,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stony Point Wealth Management Inc. boosted its stake in shares of Invesco QQQ Trust by 9.5% during the 1st quarter. Stony Point Wealth Management Inc. now owns 59,238 shares of the exchange traded fund’s stock valued at $10,643,000 after purchasing an additional 5,144 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new position in Invesco QQQ Trust during the 1st quarter valued at about $379,000. Providence Wealth Advisors LLC lifted its position in Invesco QQQ Trust by 7.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 14,332 shares of the exchange traded fund’s stock valued at $2,602,000 after acquiring an additional 970 shares during the period. First Manhattan Co. lifted its position in Invesco QQQ Trust by 8.3% during the 4th quarter. First Manhattan Co. now owns 6,929 shares of the exchange traded fund’s stock valued at $1,069,000 after acquiring an additional 530 shares during the period. Finally, Whitnell & Co. lifted its position in Invesco QQQ Trust by 306.1% during the 4th quarter. Whitnell & Co. now owns 796 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 600 shares during the period. 40.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ QQQ opened at $173.95 on Friday. Invesco QQQ Trust has a 1 year low of $143.46 and a 1 year high of $191.32.

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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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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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