Symphony Financial Ltd. Co. Acquires 187 Shares of Invesco QQQ (NASDAQ:QQQ)

Symphony Financial Ltd. Co. lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,273 shares of the exchange traded fund’s stock after purchasing an additional 187 shares during the period. Symphony Financial Ltd. Co.’s holdings in Invesco QQQ were worth $1,750,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. boosted its position in shares of Invesco QQQ by 7.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after purchasing an additional 381 shares during the last quarter. Axiom Financial Strategies LLC grew its holdings in Invesco QQQ by 11.6% during the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 85 shares during the period. Roundview Capital LLC raised its holdings in Invesco QQQ by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after purchasing an additional 495 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Invesco QQQ by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after purchasing an additional 278 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after buying an additional 337 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded down $0.82 during midday trading on Friday, hitting $444.01. 36,839,641 shares of the company’s stock were exchanged, compared to its average volume of 45,533,704. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34. The stock’s fifty day moving average price is $434.46 and its 200-day moving average price is $399.97.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

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.