Columbia River Financial Group LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,908 shares of the exchange traded fund's stock, valued at approximately $3,020,000. Invesco QQQ accounts for about 2.1% of Columbia River Financial Group LLC's holdings, making the stock its 13th largest holding.
Several other hedge funds have also recently bought and sold shares of QQQ. PayPay Securities Corp raised 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 valued at $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during 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 valued at approximately $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 2.4%
Shares of QQQ traded up $11.98 during mid-day trading on Tuesday, reaching $521.22. 46,591,806 shares of the stock traded hands, compared to its average volume of 37,401,267. The firm has a market cap of $326.62 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The stock has a fifty day simple moving average of $475.41 and a 200 day simple moving average of $500.77. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date 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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