Symphony Financial Ltd. Co. Has $4.75 Million Holdings in Invesco QQQ $QQQ

Symphony Financial Ltd. Co. decreased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 99.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,936 shares of the exchange traded fund’s stock after selling 2,233,536 shares during the period. Symphony Financial Ltd. Co.’s holdings in Invesco QQQ were worth $4,754,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after buying an additional 1,457,109 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco QQQ by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after acquiring an additional 22,220 shares during the period. HRT Financial LP raised its stake in Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Invesco QQQ by 6.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock worth $611,049,000 after purchasing an additional 65,387 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of Invesco QQQ by 3.0% during the second quarter. MML Investors Services LLC now owns 943,903 shares of the exchange traded fund’s stock valued at $520,695,000 after buying an additional 27,198 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.3%

Shares of QQQ stock opened at $622.72 on Friday. The stock has a 50 day moving average of $616.52 and a two-hundred day moving average of $597.69. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%.

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About Invesco QQQ

(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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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