Winthrop Advisory Group LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Winthrop Advisory Group LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,841 shares of the exchange traded fund’s stock after purchasing an additional 6,253 shares during the quarter. Invesco QQQ comprises about 7.0% of Winthrop Advisory Group LLC’s portfolio, making the stock its 4th biggest position. Winthrop Advisory Group LLC’s holdings in Invesco QQQ were worth $58,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. raised its stake in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares in the last quarter. Socha Financial Group LLC lifted its holdings in shares of Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the last quarter. Bank Hapoalim BM boosted its position in shares of Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after purchasing an additional 6,347 shares in the last quarter. SVB Wealth LLC grew its stake in Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares during the last quarter. Finally, Invictus Private Wealth LLC increased its position in Invesco QQQ by 1.3% during the 3rd quarter. Invictus Private Wealth LLC now owns 334,023 shares of the exchange traded fund’s stock valued at $163,026,000 after buying an additional 4,139 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $513.54 on Friday. Invesco QQQ has a fifty-two week low of $369.57 and a fifty-two week high of $514.33. The business has a 50-day simple moving average of $483.00 and a two-hundred day simple moving average of $470.34.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, September 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.