Syntegra Private Wealth Group LLC Has $17.93 Million Holdings in Invesco QQQ $QQQ

Syntegra Private Wealth Group LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 32,509 shares of the exchange traded fund’s stock after selling 105 shares during the period. Invesco QQQ accounts for approximately 1.8% of Syntegra Private Wealth Group LLC’s investment portfolio, making the stock its 14th biggest holding. Syntegra Private Wealth Group LLC’s holdings in Invesco QQQ were worth $17,933,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. acquired a new position in Invesco QQQ in the second quarter worth approximately $115,000. LGT Financial Advisors LLC grew its position in Invesco QQQ by 52.6% in the second quarter. LGT Financial Advisors LLC now owns 290 shares of the exchange traded fund’s stock worth $160,000 after acquiring an additional 100 shares in the last quarter. Triton Financial Group Inc acquired a new position in shares of Invesco QQQ during the 2nd quarter worth $225,000. Clune & Associates LTD. raised its holdings in shares of Invesco QQQ by 17.7% during the 2nd quarter. Clune & Associates LTD. now owns 1,693 shares of the exchange traded fund’s stock valued at $934,000 after purchasing an additional 254 shares in the last quarter. Finally, Darrow Company Inc. raised its holdings in shares of Invesco QQQ by 4.4% during the 2nd quarter. Darrow Company Inc. now owns 45,218 shares of the exchange traded fund’s stock valued at $24,932,000 after purchasing an additional 1,890 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.3%

Shares of NASDAQ:QQQ opened at $611.54 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The firm has a fifty day moving average price of $588.07 and a 200 day moving average price of $542.68.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.