Synergy Asset Management LLC Makes New $463,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Synergy Asset Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 907 shares of the exchange traded fund's stock, valued at approximately $463,000.

Several other institutional investors have also modified their holdings of QQQ. Strategic Planning Group LLC boosted its stake in shares of Invesco QQQ by 10.2% during the 4th quarter. Strategic Planning Group LLC now owns 1,220 shares of the exchange traded fund's stock worth $624,000 after purchasing an additional 113 shares during the period. Baring Financial LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $5,981,000. Ferguson Shapiro LLC grew its stake in shares of Invesco QQQ by 609.8% during the fourth quarter. Ferguson Shapiro LLC now owns 3,606 shares of the exchange traded fund's stock valued at $1,843,000 after buying an additional 3,098 shares during the last quarter. Milestone Asset Management LLC raised its holdings in shares of Invesco QQQ by 39.3% in the fourth quarter. Milestone Asset Management LLC now owns 4,507 shares of the exchange traded fund's stock worth $2,304,000 after buying an additional 1,272 shares during the period. Finally, USAdvisors Wealth Management LLC raised its holdings in shares of Invesco QQQ by 5.6% in the fourth quarter. USAdvisors Wealth Management LLC now owns 65,085 shares of the exchange traded fund's stock worth $33,273,000 after buying an additional 3,479 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ traded down $0.76 during trading hours on Friday, reaching $522.29. 38,747,058 shares of the company's stock traded hands, compared to its average volume of 30,541,316. The firm has a 50-day moving average price of $519.55 and a 200 day moving average price of $494.13. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders 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.