CMC Financial Group Has $240,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

CMC Financial Group lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 469 shares of the exchange traded fund’s stock after selling 118 shares during the quarter. Invesco QQQ comprises about 0.5% of CMC Financial Group’s investment portfolio, making the stock its 20th largest position. CMC Financial Group’s holdings in Invesco QQQ were worth $240,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Stephens Consulting LLC lifted its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after acquiring an additional 19 shares during the period. Cardinal Point Capital Management ULC lifted its stake in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares during the period. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares during the period. Finally, RAM Investment Partners LLC lifted its stake in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

NASDAQ:QQQ opened at $480.84 on Monday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business’s 50-day moving average price is $511.30 and its two-hundred day moving average price is $504.45. The firm has a market capitalization of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

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.