SYM FINANCIAL Corp Sells 243 Shares of Invesco QQQ (NASDAQ:QQQ)

SYM FINANCIAL Corp reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 21.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 873 shares of the exchange traded fund’s stock after selling 243 shares during the period. SYM FINANCIAL Corp’s holdings in Invesco QQQ were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of QQQ. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $29,000. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $35,000. Red Tortoise LLC lifted its stake in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in Invesco QQQ during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $4.19 during mid-day trading on Friday, hitting $496.12. The company’s stock had a trading volume of 16,305,574 shares, compared to its average volume of 40,093,703. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The company has a 50 day moving average of $466.96 and a 200-day moving average of $441.76.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.