Columbia River Financial Group LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,908 shares of the exchange traded fund's stock, valued at approximately $3,020,000. Invesco QQQ makes up approximately 2.1% of Columbia River Financial Group LLC's investment portfolio, making the stock its 13th biggest holding.
Other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter worth about $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded up $0.24 on Wednesday, reaching $521.46. 17,837,608 shares of the company were exchanged, compared to its average volume of 37,330,140. The stock's 50 day moving average price is $476.24 and its 200-day moving average price is $500.91. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The company has a market cap of $326.77 billion, a P/E ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
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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