Invesco QQQ (NASDAQ:QQQ) Shares Sold by Syntegra Private Wealth Group LLC

Syntegra Private Wealth Group LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 33,416 shares of the exchange traded fund’s stock after selling 525 shares during the quarter. Invesco QQQ comprises 1.9% of Syntegra Private Wealth Group LLC’s investment portfolio, making the stock its 13th biggest holding. Syntegra Private Wealth Group LLC’s holdings in Invesco QQQ were worth $16,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC boosted its stake in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $488.36 on Thursday. The stock’s 50-day moving average price is $479.75 and its 200 day moving average price is $466.12. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.