Synovus Financial Corp boosted its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,236 shares of the exchange traded fund’s stock after purchasing an additional 233 shares during the quarter. Synovus Financial Corp’s holdings in Invesco QQQ Trust were worth $991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. FMR LLC raised its position in Invesco QQQ Trust by 4.4% during the first quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock worth $28,000,000 after acquiring an additional 6,637 shares in the last quarter. Park National Corp OH boosted its position in Invesco QQQ Trust by 1.1% in the second quarter. Park National Corp OH now owns 7,009 shares of the exchange traded fund’s stock worth $1,309,000 after purchasing an additional 77 shares during the last quarter. Silverleafe Capital Partners LLC boosted its position in Invesco QQQ Trust by 1.2% in the second quarter. Silverleafe Capital Partners LLC now owns 61,657 shares of the exchange traded fund’s stock worth $11,514,000 after purchasing an additional 741 shares during the last quarter. Montecito Bank & Trust boosted its position in Invesco QQQ Trust by 1.6% in the second quarter. Montecito Bank & Trust now owns 16,005 shares of the exchange traded fund’s stock worth $2,989,000 after purchasing an additional 257 shares during the last quarter. Finally, Rockland Trust Co. boosted its position in Invesco QQQ Trust by 8.9% in the second quarter. Rockland Trust Co. now owns 2,090 shares of the exchange traded fund’s stock worth $390,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

NASDAQ:QQQ traded down $0.12 on Friday, hitting $200.31. The stock had a trading volume of 662,289 shares, compared to its average volume of 21,631,316. The business’s 50-day simple moving average is $192.20 and its two-hundred day simple moving average is $188.14. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $201.72.

The company also recently announced a — dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, September 24th were given a $0.3842 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a yield of 0.8%.

Invesco QQQ Trust 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.

Read More: Cost of Capital Explained

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

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