Cooper Financial Group Has $38.33 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Cooper Financial Group raised its stake in Invesco QQQ (NASDAQ:QQQ) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,977 shares of the exchange traded fund’s stock after acquiring an additional 3,027 shares during the period. Invesco QQQ makes up 4.6% of Cooper Financial Group’s portfolio, making the stock its 2nd largest holding. Cooper Financial Group’s holdings in Invesco QQQ were worth $38,331,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Granite Bay Wealth Management LLC lifted its holdings in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares in the last quarter. Toronto Dominion Bank grew its stake in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Invesco QQQ by 6,880.6% during the second quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock worth $189,530,000 after acquiring an additional 389,921 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after acquiring an additional 338,494 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

NASDAQ QQQ traded down $3.20 on Monday, reaching $503.99. 22,435,047 shares of the stock traded hands, compared to its average volume of 32,986,672. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The company has a fifty day moving average price of $514.92 and a 200-day moving average price of $491.12.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.