Synergy Asset Management LLC Invests $217,000 in Invesco QQQ Trust (NASDAQ:QQQ)

Synergy Asset Management LLC bought a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) during the 4th quarter, Holdings Channel reports. The firm bought 546 shares of the exchange traded fund’s stock, valued at approximately $217,000.

Several other hedge funds have also made changes to their positions in the company. Regency Capital Management Inc. DE bought a new stake in shares of Invesco QQQ Trust during the fourth quarter worth approximately $27,000. Alaethes Wealth LLC grew its holdings in Invesco QQQ Trust by 100.0% during the 3rd quarter. Alaethes Wealth LLC now owns 100 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 50 shares during the period. Syverson Strege & Co bought a new stake in shares of Invesco QQQ Trust during the 4th quarter valued at $40,000. Outfitter Financial LLC acquired a new position in shares of Invesco QQQ Trust in the 4th quarter valued at $40,000. Finally, Emfo LLC bought a new position in shares of Invesco QQQ Trust in the 4th quarter worth $42,000. Institutional investors own 42.03% of the company’s stock.

NASDAQ:QQQ traded up $6.14 during mid-day trading on Tuesday, hitting $344.83. The company had a trading volume of 2,420,981 shares, compared to its average volume of 79,031,016. Invesco QQQ Trust has a fifty-two week low of $316.00 and a fifty-two week high of $408.71. The business’s fifty day moving average is $346.73 and its two-hundred day moving average is $369.20.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Tuesday, March 22nd will be paid a $0.434 dividend. The ex-dividend date of this dividend is Monday, March 21st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 0.50%.

Invesco QQQ Trust Profile (Get Rating)

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.

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