Copia Wealth Management Acquires New Shares in Invesco QQQ (NASDAQ:QQQ)

Copia Wealth Management purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 638 shares of the exchange traded fund's stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $0.82 during trading hours on Friday, reaching $519.11. The company had a trading volume of 67,370,300 shares, compared to its average volume of 37,720,027. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market capitalization of $325.30 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The stock has a fifty day moving average of $477.59 and a 200-day moving average of $501.08.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.