Financial Synergies Wealth Advisors Inc. Boosts Stake in Invesco QQQ $QQQ

Financial Synergies Wealth Advisors Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,628 shares of the exchange traded fund’s stock after buying an additional 86 shares during the period. Financial Synergies Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Kingstone Capital Partners Texas LLC lifted its stake in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ during the first quarter worth about $2,775,904,000. Spear Holdings RSC Ltd acquired a new position in Invesco QQQ in the 1st quarter valued at about $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $463,293,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $603.93 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The company has a 50 day simple moving average of $587.30 and a 200-day simple moving average of $540.73.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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.