TPG Advisors LLC Takes $404,000 Position in Invesco QQQ (NASDAQ:QQQ)

TPG Advisors LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 843 shares of the exchange traded fund’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Atwater Malick LLC bought a new position in shares of Invesco QQQ during the first quarter worth about $293,000. Westwood Holdings Group Inc. increased its position in Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares during the period. GenWealth Group Inc. raised its holdings in Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Socha Financial Group LLC lifted its position in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after purchasing an additional 1,153 shares during the period. Finally, SVB Wealth LLC boosted its stake in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

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

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.