4,250 shares in Invesco QQQ (NASDAQ:QQQ) acquired by Fairscale Capital LLC

Fairscale Capital LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 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.

A number of other institutional investors and hedge funds have recently modified their holdings of the company. New Covenant Trust Company NA purchased a new stake in shares of Invesco QQQ in the 1st quarter worth about $28,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ in the first quarter worth about $29,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 800.0% in the first 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 shares.

Invesco QQQ Stock Performance

Shares of QQQ stock 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

(Free Report)

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 return performance of the Nasdaq-100 Index. The Trust offers investors the opportunity to purchase units of beneficial interest in the Trust representing undivided proportionate interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weight, as the constituent securities of the Trust. the Nasdaq-100 index.

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