Synergy Investment Management LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Synergy Investment Management LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,415 shares of the exchange traded fund’s stock, valued at approximately $723,000.

Other institutional investors also recently modified their holdings of the company. Patten Group Inc. raised its position in Invesco QQQ by 12.5% in the 4th quarter. Patten Group Inc. now owns 1,731 shares of the exchange traded fund’s stock worth $885,000 after buying an additional 192 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its stake in shares of Invesco QQQ by 0.6% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 8,567 shares of the exchange traded fund’s stock worth $4,513,000 after acquiring an additional 54 shares during the period. WMG Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 8.1% during the fourth quarter. WMG Financial Advisors LLC now owns 4,415 shares of the exchange traded fund’s stock valued at $2,257,000 after purchasing an additional 330 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Invesco QQQ by 0.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 279,334 shares of the exchange traded fund’s stock valued at $142,804,000 after purchasing an additional 1,749 shares during the period. Finally, Global Strategic Investment Solutions LLC boosted its holdings in Invesco QQQ by 4.1% in the fourth quarter. Global Strategic Investment Solutions LLC now owns 2,587 shares of the exchange traded fund’s stock worth $1,322,000 after purchasing an additional 103 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.2 %

NASDAQ:QQQ opened at $497.05 on Tuesday. The company has a market cap of $313.27 billion, a PE ratio of 33.43 and a beta of 1.11. The company has a 50 day simple moving average of $521.53 and a two-hundred day simple moving average of $503.73. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Dividend Announcement

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

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.