Symphony Financial Services Inc. Has $2.52 Million Position in Invesco QQQ (NASDAQ:QQQ)

Symphony Financial Services Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,926 shares of the exchange traded fund’s stock after selling 765 shares during the quarter. Invesco QQQ accounts for approximately 2.0% of Symphony Financial Services Inc.’s holdings, making the stock its 15th biggest holding. Symphony Financial Services Inc.’s holdings in Invesco QQQ were worth $2,520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Stephens Consulting LLC lifted its holdings in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after buying an additional 19 shares during the period. Planning Capital Management Corp raised its position in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC raised its position in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares during the last quarter. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.3 %

NASDAQ QQQ opened at $495.55 on Wednesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a 50-day simple moving average of $520.84 and a 200 day simple moving average of $503.87. The company has a market capitalization of $312.32 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.