Syntegra Private Wealth Group LLC Sells 457 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Syntegra Private Wealth Group LLC reduced its holdings in Invesco QQQ by 1.4%, selling 457 shares, and now owns 32,614 shares valued at approximately $15.3 million.
• Institutions currently own 44.58% of Invesco QQQ shares, with several investors increasing their stakes significantly in the first quarter.
• The latest quarterly dividend was $0.5911 per share, resulting in an annualized dividend of $2.36 and a yield of 0.4% for shareholders.

Syntegra Private Wealth Group LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,614 shares of the exchange traded fund's stock after selling 457 shares during the quarter. Invesco QQQ accounts for about 1.8% of Syntegra Private Wealth Group LLC's investment portfolio, making the stock its 13th largest holding. Syntegra Private Wealth Group LLC's holdings in Invesco QQQ were worth $15,293,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Encompass More Asset Management grew its holdings in shares of Invesco QQQ by 62.8% during the first quarter. Encompass More Asset Management now owns 995 shares of the exchange traded fund's stock worth $467,000 after buying an additional 384 shares in the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of Invesco QQQ by 5.0% during the first quarter. Cary Street Partners Financial LLC now owns 20,636 shares of the exchange traded fund's stock worth $9,677,000 after buying an additional 974 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Invesco QQQ by 1.4% during the first quarter. Thoroughbred Financial Services LLC now owns 57,637 shares of the exchange traded fund's stock worth $27,027,000 after buying an additional 791 shares in the last quarter. Plan Group Financial LLC bought a new position in shares of Invesco QQQ during the first quarter worth about $270,000. Finally, NBZ Investment Advisors LLC grew its holdings in shares of Invesco QQQ by 5.9% during the first quarter. NBZ Investment Advisors LLC now owns 3,331 shares of the exchange traded fund's stock worth $1,562,000 after buying an additional 187 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $564.10 on Tuesday. The stock has a 50 day moving average price of $545.11 and a 200 day moving average price of $510.97. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $574.63.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.

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