Synovus Financial Corp Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Synovus Financial Corp lessened its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,778 shares of the exchange traded fund's stock after selling 2,758 shares during the quarter. Synovus Financial Corp's holdings in Invesco QQQ were worth $20,880,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Invesco QQQ by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund's stock valued at $7,779,000 after acquiring an additional 832 shares during the last quarter. Lantz Financial LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $214,000. Naples Global Advisors LLC increased its holdings in shares of Invesco QQQ by 3.0% during the 2nd quarter. Naples Global Advisors LLC now owns 3,153 shares of the exchange traded fund's stock worth $1,513,000 after buying an additional 92 shares during the last quarter. Brookstone Capital Management raised its position in shares of Invesco QQQ by 5.7% during the 2nd quarter. Brookstone Capital Management now owns 359,201 shares of the exchange traded fund's stock valued at $173,052,000 after buying an additional 19,484 shares during the period. Finally, WealthCare Investment Partners LLC grew its position in Invesco QQQ by 0.4% in the second quarter. WealthCare Investment Partners LLC now owns 43,383 shares of the exchange traded fund's stock worth $20,785,000 after acquiring an additional 154 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ traded up $3.87 during midday trading on Friday, reaching $530.37. 25,437,495 shares of the company's stock were exchanged, compared to its average volume of 37,184,223. The firm's 50 day simple moving average is $502.92 and its two-hundred day simple moving average is $483.29. Invesco QQQ has a fifty-two week low of $395.34 and a fifty-two week high of $533.17.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.51%.

Invesco QQQ 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.