Invesco QQQ (NASDAQ:QQQ) Shares Bought by Fischer Investment Strategies LLC

Fischer Investment Strategies LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 22.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 26,221 shares of the exchange traded fund’s stock after purchasing an additional 4,825 shares during the quarter. Invesco QQQ comprises 12.3% of Fischer Investment Strategies LLC’s investment portfolio, making the stock its 2nd largest holding. Fischer Investment Strategies LLC’s holdings in Invesco QQQ were worth $12,563,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Down 0.2 %

Invesco QQQ stock opened at $482.44 on Friday. The firm’s fifty day moving average price is $468.07 and its two-hundred day moving average price is $458.49. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

About Invesco QQQ

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.