Sykon Capital LLC Has $11.06 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sykon Capital LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,016 shares of the exchange traded fund’s stock after selling 1,310 shares during the quarter. Invesco QQQ makes up about 4.4% of Sykon Capital LLC’s investment portfolio, making the stock its 5th largest holding. Sykon Capital LLC’s holdings in Invesco QQQ were worth $11,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. First National Trust Co boosted its position in shares of Invesco QQQ by 27.3% in the fourth quarter. First National Trust Co now owns 6,843 shares of the exchange traded fund’s stock worth $2,802,000 after purchasing an additional 1,468 shares during the period. ARS Wealth Advisors Group LLC lifted its holdings in shares of Invesco QQQ by 19.1% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 1,559 shares of the exchange traded fund’s stock worth $639,000 after buying an additional 250 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $1,933,000. Signature Resources Capital Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $77,000. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 71.7% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 70,024 shares of the exchange traded fund’s stock worth $28,676,000 after buying an additional 29,251 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $8.58 during mid-day trading on Friday, hitting $435.48. The company had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. Invesco QQQ has a 52-week low of $315.11 and a 52-week high of $449.34. The stock’s 50 day moving average price is $436.53 and its 200-day moving average price is $412.18.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 18th.

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.