Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lessened by Syntax Research Inc.

Syntax Research Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 22.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 815 shares of the exchange traded fund’s stock after selling 235 shares during the period. Syntax Research Inc.’s holdings in Invesco QQQ were worth $417,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter worth approximately $37,000. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the fourth quarter worth approximately $51,000. Finally, Creative Capital Management Investments LLC increased its holdings in Invesco QQQ by 740.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $480.84 on Monday. The stock’s 50 day moving average price is $511.30 and its 200 day moving average price is $504.45. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a market capitalization of $303.05 billion, a P/E ratio of 30.74 and a beta of 1.11.

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.