Cordatus Wealth Management LLC Purchases New Stake in Invesco QQQ (NASDAQ:QQQ)

Cordatus Wealth Management LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,672 shares of the exchange traded fund’s stock, valued at approximately $6,478,000. Invesco QQQ accounts for approximately 1.7% of Cordatus Wealth Management LLC’s portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new position in Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. Finally, BNP Paribas acquired a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $537.23 on Friday. The stock’s 50 day moving average price is $523.48 and its 200 day moving average price is $500.07. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Profile

(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.

See Also

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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