Copley Financial Group Inc. Buys 961 Shares of Invesco QQQ (NASDAQ:QQQ)

Copley Financial Group Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 85.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,088 shares of the exchange traded fund's stock after purchasing an additional 961 shares during the quarter. Invesco QQQ accounts for about 0.8% of Copley Financial Group Inc.'s investment portfolio, making the stock its 19th largest holding. Copley Financial Group Inc.'s holdings in Invesco QQQ were worth $1,068,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its holdings in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after buying an additional 756,990 shares during the period. Strategic Financial Concepts LLC boosted its stake in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after purchasing an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.5%

Shares of NASDAQ:QQQ traded down $2.76 during trading on Friday, reaching $517.17. The stock had a trading volume of 45,964,176 shares, compared to its average volume of 44,908,277. The stock has a fifty day simple moving average of $477.59 and a two-hundred day simple moving average of $501.08. The firm has a market capitalization of $324.09 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company 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.