Symphony Financial Services Inc. Sells 765 Shares of Invesco QQQ (NASDAQ:QQQ)

Symphony Financial Services Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,926 shares of the exchange traded fund’s stock after selling 765 shares during the period. Invesco QQQ comprises approximately 2.0% of Symphony Financial Services Inc.’s investment portfolio, making the stock its 15th biggest position. Symphony Financial Services Inc.’s holdings in Invesco QQQ were worth $2,520,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Stephens Consulting LLC grew its holdings in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the period. Planning Capital Management Corp lifted its stake in Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares during the period. Cardinal Point Capital Management ULC grew its position in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after buying an additional 20 shares during the period. Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.3 %

Shares of NASDAQ QQQ opened at $495.55 on Wednesday. The firm’s 50-day moving average price is $520.84 and its 200-day moving average price is $503.87. The firm has a market capitalization of $312.32 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.