Coordinated Financial Services Inc. CO Makes New $1.67 Million Investment in Invesco QQQ $QQQ

Key Points

• Coordinated Financial Services Inc. purchased 3,558 shares of Invesco QQQ valued at approximately $1.67 million, making it 1.3% of their total holdings.
• Goldman Sachs Group Inc. significantly increased its stake in Invesco QQQ by 959.6%, now holding over 24 million shares valued at about $11.3 billion.
• The share price of Invesco QQQ opened at $576.06 with a 12-month low of $402.39 and a high of $583.32.

Coordinated Financial Services Inc. CO acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,558 shares of the exchange traded fund's stock, valued at approximately $1,668,000. Invesco QQQ accounts for approximately 1.3% of Coordinated Financial Services Inc. CO's portfolio, making the stock its 17th largest holding.

Other large investors have also modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC boosted its holdings in Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after acquiring an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. boosted its holdings in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after acquiring an additional 21 shares during the last quarter. MTM Investment Management LLC boosted its holdings in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Cutler Investment Counsel LLC boosted its holdings in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after acquiring an additional 21 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted its holdings in Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock traded up $1.64 during trading on Tuesday, hitting $580.51. The company had a trading volume of 43,715,098 shares, compared to its average volume of 46,346,500. The business has a 50-day moving average of $565.79 and a 200-day moving average of $518.70. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

Invesco QQQ Profile

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.