Symphony Financial Ltd. Co. Buys 214 Shares of Invesco QQQ (NASDAQ:QQQ)

Symphony Financial Ltd. Co. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,247 shares of the exchange traded fund’s stock after acquiring an additional 214 shares during the period. Symphony Financial Ltd. Co.’s holdings in Invesco QQQ were worth $1,545,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Castle Rock Wealth Management LLC increased its holdings in shares of Invesco QQQ by 0.3% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 8,722 shares of the exchange traded fund’s stock valued at $3,229,000 after acquiring an additional 29 shares during the last quarter. Covenant Asset Management LLC increased its stake in Invesco QQQ by 0.4% in the 2nd quarter. Covenant Asset Management LLC now owns 7,641 shares of the exchange traded fund’s stock valued at $2,823,000 after purchasing an additional 29 shares in the last quarter. GoalVest Advisory LLC increased its holdings in Invesco QQQ by 19.5% during the 1st quarter. GoalVest Advisory LLC now owns 202 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 33 shares in the last quarter. Carlson Capital Management raised its position in shares of Invesco QQQ by 1.6% during the 1st quarter. Carlson Capital Management now owns 2,117 shares of the exchange traded fund’s stock worth $679,000 after purchasing an additional 34 shares during the last quarter. Finally, J. L. Bainbridge & Co. Inc. boosted its stake in shares of Invesco QQQ by 1.4% during the first quarter. J. L. Bainbridge & Co. Inc. now owns 2,471 shares of the exchange traded fund’s stock valued at $793,000 after acquiring an additional 34 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $3.27 during trading hours on Tuesday, hitting $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 12-month low of $254.26 and a 12-month high of $387.98. The business’s 50 day moving average is $373.20 and its 200-day moving average is $348.47.

Invesco QQQ Announces Dividend

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