TPG Advisors LLC Buys New Shares in Invesco QQQ (NASDAQ:QQQ)

TPG Advisors LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 843 shares of the exchange traded fund’s stock, valued at approximately $404,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth $35,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $482.44 on Friday. The company has a fifty day simple moving average of $468.07 and a 200 day simple moving average of $458.33. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ 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.