Synergy Asset Management LLC Has $274,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Synergy Asset Management LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 22.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 572 shares of the exchange traded fund’s stock after selling 169 shares during the period. Synergy Asset Management LLC’s holdings in Invesco QQQ were worth $274,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at $1,580,776,000. Steel Grove Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the last quarter. Granite Bay Wealth Management LLC increased its position in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Harvard Management Co. Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $304,591,000. Finally, Mirae Asset Securities USA Inc. bought a new position in Invesco QQQ in the 2nd quarter valued at about $215,600,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded down $4.24 during midday trading on Friday, reaching $456.80. 3,948,725 shares of the company were exchanged, compared to its average volume of 40,222,328. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The company’s fifty day moving average price is $473.04 and its 200 day moving average price is $455.79.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.67%.

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.