Symphony Financial Ltd. Co. Sells 696 Shares of Invesco QQQ (NASDAQ:QQQ)

In the fourth quarter, Symphony Financial Ltd. Co. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 16.2%. This information is based on their latest Form 13F filing with the Securities and Exchange Commission (SEC). After selling 696 shares during this period, the firm now holds 3,603 shares of the exchange-traded fund.

According to the most recent SEC filing, Symphony Financial Ltd. Co.'s holdings in Invesco QQQ are valued at approximately $1,891,000.

Changes Among Other Institutional Investors

Several other institutional investors have also adjusted their positions in Invesco QQQ recently. International Assets Investment Management LLC made significant changes, boosting their stake in the ETF by an astonishing 46,491.6% during the third quarter. They now own 32,586,150 shares, which are valued at around $15,904,322,000, after acquiring an additional 32,516,210 shares.

Moreover, Toronto Dominion Bank increased its holdings in Invesco QQQ by 13.0% in the same quarter, and now owns 4,261,790 shares worth approximately $2,080,052,000 after adding 488,815 shares. CHURCHILL MANAGEMENT Corp also grew its position by 0.8% in the fourth quarter, coming to own 1,840,025 shares valued at $940,676,000 following a purchase of 13,772 shares.

Stifel Financial Corp has similarly increased its holdings by 0.3%, now owning 871,333 shares worth approximately $425,324,000 after buying 2,572 additional shares. Lastly, Rockefeller Capital Management L.P. raised its stake in Invesco QQQ by 2.3% during the same timeframe, reaching a total of 849,259 shares valued at around $414,429,000 after an increase of 18,833 shares.

Currently, about 44.58% of the stock is held by institutional investors and hedge funds.

Current Trading Details of Invesco QQQ

On Friday, shares of Invesco QQQ started trading at $522.29. The 50-day simple moving average is noted at $519.55, while the 200-day simple moving average stands at $494.13. The ETF has recorded a twelve-month range, with a low of $413.07 and a high of $539.15.

Dividend Announcement for Invesco QQQ

Invesco QQQ has also recently declared a dividend, which was paid on December 31. Investors who were on record as of December 23 received a dividend of $0.8347 per share. The ex-dividend date was also December 23.

Understanding Invesco QQQ

Invesco QQQ, officially known as PowerShares QQQ Trust, Series 1, is a type of unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The goal of the Trust is to provide investment results that closely match the performance, both in price and yield, of the Nasdaq-100 Index. This Trust allows investors to buy units that represent undivided interests in the securities the Trust holds, which are largely similar in weight to the securities included in the Nasdaq-100 Index.

Symphony, Shares, Investment