Syntegra Private Wealth Group LLC Sells 345 Shares of Invesco QQQ (NASDAQ:QQQ)

Syntegra Private Wealth Group LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 33,071 shares of the exchange traded fund’s stock after selling 345 shares during the period. Invesco QQQ makes up 1.9% of Syntegra Private Wealth Group LLC’s holdings, making the stock its 13th largest holding. Syntegra Private Wealth Group LLC’s holdings in Invesco QQQ were worth $16,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. GAMMA Investing LLC grew its holdings in shares of Invesco QQQ by 21.7% in the third quarter. GAMMA Investing LLC now owns 1,290 shares of the exchange traded fund’s stock valued at $630,000 after acquiring an additional 230 shares in the last quarter. Bath Savings Trust Co boosted its position in Invesco QQQ by 12.7% in the third quarter. Bath Savings Trust Co now owns 665 shares of the exchange traded fund’s stock worth $325,000 after purchasing an additional 75 shares during the last quarter. City Holding Co. grew its stake in Invesco QQQ by 13.1% in the 3rd quarter. City Holding Co. now owns 7,306 shares of the exchange traded fund’s stock valued at $3,566,000 after purchasing an additional 847 shares during the period. Trust Co of Kansas purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $227,000. Finally, Brookstone Capital Management raised its stake in shares of Invesco QQQ by 5.2% during the 3rd quarter. Brookstone Capital Management now owns 377,922 shares of the exchange traded fund’s stock worth $184,452,000 after purchasing an additional 18,721 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.5 %

Shares of QQQ stock opened at $526.85 on Thursday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The firm’s 50-day simple moving average is $520.08 and its two-hundred day simple moving average is $494.82.

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 $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.