Invesco QQQ (NASDAQ:QQQ) is Copperwynd Financial LLC’s Largest Position

Copperwynd Financial LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,458 shares of the exchange traded fund’s stock after buying an additional 2,763 shares during the quarter. Invesco QQQ comprises about 7.7% of Copperwynd Financial LLC’s holdings, making the stock its biggest holding. Copperwynd Financial LLC’s holdings in Invesco QQQ were worth $27,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. PayPay Securities Corp increased its holdings in shares of 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 acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $479.66 on Friday. The firm’s fifty day simple moving average is $514.89 and its 200-day simple moving average is $503.66. The stock has a market capitalization of $302.31 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.