Financial Synergies Wealth Advisors Inc. Has $788,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Financial Synergies Wealth Advisors Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 44.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,541 shares of the exchange traded fund’s stock after buying an additional 477 shares during the period. Financial Synergies Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Consolidated Portfolio Review Corp lifted its holdings in shares of Invesco QQQ by 42.3% in the fourth quarter. Consolidated Portfolio Review Corp now owns 6,865 shares of the exchange traded fund’s stock valued at $3,509,000 after purchasing an additional 2,042 shares in the last quarter. Telos Capital Management Inc. lifted its stake in Invesco QQQ by 0.3% in the 4th quarter. Telos Capital Management Inc. now owns 21,593 shares of the exchange traded fund’s stock worth $11,039,000 after acquiring an additional 63 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in Invesco QQQ by 1.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 3,233 shares of the exchange traded fund’s stock worth $1,653,000 after acquiring an additional 57 shares during the period. Rik Saylor Financial Inc. purchased a new position in Invesco QQQ during the 4th quarter valued at about $6,749,000. Finally, McHugh Group LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $1,157,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $529.60 on Friday. The firm has a 50 day simple moving average of $520.51 and a 200 day simple moving average of $495.05. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.