Synergy Asset Management LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Synergy Asset Management LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, HoldingsChannel.com reports. The firm bought 907 shares of the exchange traded fund’s stock, valued at approximately $463,000.

A number of other institutional investors have also recently bought and sold shares of QQQ. Hoese & Co LLP boosted its stake in 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 buying an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ during the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

Shares of Invesco QQQ stock opened at $523.05 on Friday. The firm’s 50-day moving average price is $518.86 and its two-hundred day moving average price is $493.75. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

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