Copperwynd Financial LLC Purchases 2,763 Shares of Invesco QQQ (NASDAQ:QQQ)

Copperwynd Financial LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,458 shares of the exchange traded fund's stock after buying an additional 2,763 shares during the period. Invesco QQQ accounts for about 7.7% of Copperwynd Financial LLC's holdings, making the stock its biggest holding. Copperwynd Financial LLC's holdings in Invesco QQQ were worth $27,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stephens Consulting LLC raised its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after purchasing an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC grew its holdings in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock worth $1,995,000 after purchasing an additional 20 shares during the last quarter. Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after acquiring an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC boosted its stake in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Invesco QQQ Trading Up 2.4 %

Shares of NASDAQ QQQ traded up $11.32 during midday trading on Friday, reaching $479.66. The company had a trading volume of 43,464,229 shares, compared to its average volume of 34,911,953. The business's 50-day simple moving average is $514.89 and its 200 day simple moving average is $503.85. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock has a market cap of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.