Symphony Financial Ltd. Co. Has $1.55 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Symphony Financial Ltd. Co. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,247 shares of the exchange traded fund’s stock after buying an additional 214 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Invesco QQQ were worth $1,545,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its position in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares during the period. Morgan Stanley boosted its position in shares of Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after acquiring an additional 1,533,114 shares in the last quarter. Kensington Asset Management LLC bought a new position in Invesco QQQ in the first quarter valued at approximately $342,079,000. Money Concepts Capital Corp raised its position in Invesco QQQ by 971.1% during the first quarter. Money Concepts Capital Corp now owns 951,023 shares of the exchange traded fund’s stock valued at $10,353,000 after purchasing an additional 862,236 shares in the last quarter. Finally, Natixis bought a new stake in Invesco QQQ during the fourth quarter worth $228,207,000. Institutional investors own 43.95% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $3.27 during trading on Tuesday, reaching $367.39. 16,591,214 shares of the company’s stock were exchanged, compared to its average volume of 53,413,926. Invesco QQQ has a 1-year low of $254.26 and a 1-year high of $387.98. The firm’s 50-day moving average price is $373.20 and its 200 day moving average price is $348.47.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 19th will be paid a $0.5389 dividend. This represents a $2.16 annualized dividend and a yield of 0.59%. The ex-dividend date is Monday, September 18th.

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.