SYM FINANCIAL Corp Has $367,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

SYM FINANCIAL Corp trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 766 shares of the exchange traded fund’s stock after selling 107 shares during the quarter. SYM FINANCIAL Corp’s holdings in Invesco QQQ were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new position in Invesco QQQ during the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC increased its position in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Invesco QQQ by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after buying an additional 64,401 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Invesco QQQ by 10.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock worth $1,073,929,000 after buying an additional 206,608 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $473.22 on Friday. The company has a 50 day moving average of $470.51 and a 200-day moving average of $456.80. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.