Copperwynd Financial LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,458 shares of the exchange traded fund's stock after buying an additional 2,763 shares during the quarter. Invesco QQQ comprises 7.7% of Copperwynd Financial LLC's investment portfolio, making the stock its biggest holding. Copperwynd Financial LLC's holdings in Invesco QQQ were worth $27,840,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 2.4 %
Shares of QQQ traded up $11.32 during midday trading on Friday, reaching $479.66. 43,464,229 shares of the company were exchanged, compared to its average volume of 34,911,953. The stock has a 50-day moving average price of $514.89 and a 200-day moving average price of $503.85. The company has a market cap of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.
Invesco QQQ Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.
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.
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