Coordinated Financial Services Inc. Purchases Shares of 3,559 Invesco QQQ $QQQ

Coordinated Financial Services Inc. purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,559 shares of the exchange traded fund’s stock, valued at approximately $1,963,000. Invesco QQQ accounts for about 1.4% of Coordinated Financial Services Inc.’s investment portfolio, making the stock its 15th largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after acquiring an additional 52,234 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after acquiring an additional 54,944 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 3.5%

Shares of NASDAQ:QQQ opened at $589.55 on Friday. The company’s fifty day moving average is $583.89 and its 200 day moving average is $535.94. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.