Coordinated Financial Services Inc. Invests $2.33 Million in Invesco QQQ (NASDAQ:QQQ)

Coordinated Financial Services Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,550 shares of the exchange traded fund’s stock, valued at approximately $2,326,000. Invesco QQQ comprises about 1.8% of Coordinated Financial Services Inc.’s portfolio, making the stock its 9th largest position.

Other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. grew its position in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC increased its holdings in shares of Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after buying an additional 1,854 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of Invesco QQQ by 6.7% in the 3rd quarter. Portside Wealth Group LLC now owns 1,814 shares of the exchange traded fund’s stock worth $885,000 after purchasing an additional 114 shares during the period. Leavell Investment Management Inc. lifted its stake in shares of Invesco QQQ by 18.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 19,118 shares of the exchange traded fund’s stock valued at $9,344,000 after purchasing an additional 3,026 shares in the last quarter. Finally, Equitable Trust Co. raised its stake in shares of Invesco QQQ by 1.4% in the 3rd quarter. Equitable Trust Co. now owns 27,993 shares of the exchange traded fund’s stock valued at $13,663,000 after acquiring an additional 397 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $491.79 on Friday. The stock’s 50-day simple moving average is $518.84 and its 200-day simple moving average is $503.99. The firm has a market cap of $309.95 billion, a price-to-earnings ratio of 33.43 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 Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.