Legacy Financial Group LLC Purchases New Shares in Invesco QQQ (NASDAQ:QQQ)

Legacy Financial Group LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the first quarter, HoldingsChannel reports. The fund purchased 649 shares of the exchange traded fund’s stock, valued at approximately $288,000.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Comerica Bank purchased a new stake in shares of Invesco QQQ in the third quarter valued at $140,657,000. Granite Bay Wealth Management LLC raised its stake in shares of Invesco QQQ by 47.1% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after acquiring an additional 378,922 shares during the period. CHURCHILL MANAGEMENT Corp raised its stake in shares of Invesco QQQ by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock valued at $578,680,000 after acquiring an additional 376,661 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Invesco QQQ by 77.2% in the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after acquiring an additional 367,317 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3 %

Shares of QQQ traded down $1.29 during midday trading on Friday, hitting $480.18. The stock had a trading volume of 39,388,264 shares, compared to its average volume of 41,515,012. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $486.86. The stock’s 50 day moving average is $448.65 and its 200 day moving average is $432.54.

About Invesco QQQ

(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 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.

Further Reading

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 (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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