Syntax Research Inc. Has $417,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Syntax Research Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 815 shares of the exchange traded fund’s stock after selling 235 shares during the period. Syntax Research Inc.’s holdings in Invesco QQQ were worth $417,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $51,000. Finally, BNP Paribas acquired a new stake in shares of Invesco QQQ in the third quarter worth $62,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

Shares of Invesco QQQ stock opened at $480.84 on Monday. The company’s fifty day simple moving average is $511.30 and its 200-day simple moving average is $504.45. The company has a market cap of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

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.