Symphony Financial Ltd. Co. Acquires 99 Shares of Invesco QQQ (NASDAQ:QQQ)

Symphony Financial Ltd. Co. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,299 shares of the exchange traded fund’s stock after purchasing an additional 99 shares during the period. Symphony Financial Ltd. Co.’s holdings in Invesco QQQ were worth $2,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter worth $30,000. Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ in the first quarter worth $40,000. CGC Financial Services LLC grew its stake in shares of Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its holdings in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $495.96 on Wednesday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company’s fifty day simple moving average is $479.23 and its 200 day simple moving average is $465.96.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.