Symmetry Partners LLC Invests $753,000 in Invesco QQQ (NASDAQ:QQQ)

Symmetry Partners LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,473 shares of the exchange traded fund’s stock, valued at approximately $753,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stephens Consulting LLC grew its position in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC boosted its holdings in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares in the last quarter. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC boosted its holdings in shares of Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.3 %

Shares of NASDAQ:QQQ opened at $480.89 on Thursday. The company has a market cap of $303.08 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The firm’s 50-day simple moving average is $512.55 and its 200-day simple moving average is $503.99. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced 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.