809 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 809 shares of the exchange traded fund’s stock, valued at approximately $388,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ in the 1st quarter worth about $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ during the first quarter worth approximately $29,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter worth approximately $30,000. Legacy Bridge LLC lifted its stake in 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 buying an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $35,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

NASDAQ: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 $458.49.

Invesco QQQ Company 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.