Syon Capital LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Syon Capital LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, Holdings Channel reports. The fund acquired 2,360 shares of the exchange traded fund’s stock, valued at approximately $966,000.

A number of other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its stake in shares of Invesco QQQ by 9.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 3,344 shares of the exchange traded fund’s stock worth $1,222,000 after purchasing an additional 287 shares in the last quarter. Culbertson A N & Co. Inc. raised its position in Invesco QQQ by 13.6% during the third quarter. Culbertson A N & Co. Inc. now owns 926 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 111 shares in the last quarter. RFG Holdings Inc. grew its position in shares of Invesco QQQ by 141.5% in the 3rd quarter. RFG Holdings Inc. now owns 68,057 shares of the exchange traded fund’s stock valued at $24,383,000 after acquiring an additional 39,881 shares during the period. Galvin Gaustad & Stein LLC increased its stake in shares of Invesco QQQ by 45.3% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 805 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 251 shares during the last quarter. Finally, Sparta 24 Ltd. raised its holdings in shares of Invesco QQQ by 145.8% in the 3rd quarter. Sparta 24 Ltd. now owns 33,740 shares of the exchange traded fund’s stock valued at $12,088,000 after purchasing an additional 20,016 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5 %

Invesco QQQ stock traded down $2.06 during midday trading on Thursday, reaching $424.45. 55,795,855 shares of the company’s stock were exchanged, compared to its average volume of 46,172,297. Invesco QQQ has a 52 week low of $311.34 and a 52 week high of $449.34. The stock’s 50-day simple moving average is $437.07 and its 200 day simple moving average is $409.56.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.