4,550 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Coordinated Financial Services Inc.

Coordinated Financial Services Inc. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,550 shares of the exchange traded fund's stock, valued at approximately $2,326,000. Invesco QQQ makes up about 1.8% of Coordinated Financial Services Inc.'s holdings, making the stock its 9th biggest holding.

Several other hedge funds have also recently modified their holdings of QQQ. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares during the period. NRI Wealth Management LC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $28,729,000. Garden State Investment Advisory Services LLC raised its holdings in Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock valued at $15,169,000 after acquiring an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC raised its holdings in Invesco QQQ by 16.8% during the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock valued at $23,165,000 after acquiring an additional 6,518 shares during the period. Institutional investors own 44.58% of the company's stock.

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Invesco QQQ Stock Performance

QQQ stock traded up $3.59 during midday trading on Friday, reaching $491.79. 54,649,747 shares of the company's stock traded hands, compared to its average volume of 34,845,187. The company has a 50-day moving average price of $518.84 and a two-hundred day moving average price of $504.14. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.