SYM FINANCIAL Corp Sells 477 Shares of Invesco QQQ (NASDAQ:QQQ)

SYM FINANCIAL Corp lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 943 shares of the exchange traded fund's stock after selling 477 shares during the period. SYM FINANCIAL Corp's holdings in Invesco QQQ were worth $442,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in QQQ. Eagle Capital Management LLC raised its position in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC raised its position in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Interchange Capital Partners LLC raised its position in Invesco QQQ by 284.3% in the fourth quarter. Interchange Capital Partners LLC now owns 586 shares of the exchange traded fund's stock worth $299,000 after purchasing an additional 904 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Invesco QQQ in the fourth quarter worth about $253,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $1.36 during mid-day trading on Friday, hitting $566.37. 30,579,821 shares of the stock were exchanged, compared to its average volume of 40,473,144. The stock's fifty day simple moving average is $539.14 and its two-hundred day simple moving average is $508.84. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $567.70.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.

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.