Synergy Investment Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,415 shares of the exchange traded fund's stock, valued at approximately $723,000.
Other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after buying an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC lifted its position in shares of Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund's stock valued at $7,553,000 after acquiring an additional 1,854 shares during the period. Optas LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $325,000. Harbor Capital Advisors Inc. grew its holdings in shares of Invesco QQQ by 5.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 589 shares of the exchange traded fund's stock worth $287,000 after acquiring an additional 28 shares during the period. Finally, Nvwm LLC increased its stake in Invesco QQQ by 8.7% in the 3rd quarter. Nvwm LLC now owns 275 shares of the exchange traded fund's stock valued at $134,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
QQQ stock traded up $3.59 during midday trading on Friday, hitting $491.79. 54,649,747 shares of the stock were exchanged, compared to its average volume of 35,032,244. The stock has a market cap of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock's 50-day moving average price is $519.46 and its 200-day moving average price is $503.75.
Invesco QQQ Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.
Invesco QQQ Company Profile
(
Free Report)
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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