Fairscale Capital LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 4,250 shares of the exchange traded fund’s stock, valued at approximately $2,110,000. Invesco QQQ makes up about 1.8% of Fairscale Capital LLC’s holdings, making the stock its 9th biggest position.
Other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ in the first quarter worth about $28,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ in the 1st quarter worth approximately $29,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $35,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Shares of QQQ opened at $482.44 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The company’s fifty day moving average is $468.07 and its 200 day moving average is $458.49.
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.
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