Invesco QQQ (NASDAQ:QQQ) is Winthrop Advisory Group LLC’s 4th Largest Position

Winthrop Advisory Group LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.6% during the 3rd quarter, Holdings Channel reports. The fund owned 118,841 shares of the exchange traded fund’s stock after purchasing an additional 6,253 shares during the period. Invesco QQQ makes up about 7.0% of Winthrop Advisory Group LLC’s holdings, making the stock its 4th largest holding. 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 hedge funds and other institutional investors have also recently made changes to their positions in the business. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ in the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC grew its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its position in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $513.54 on Friday. Invesco QQQ has a 12 month low of $369.57 and a 12 month high of $514.33. The stock’s 50 day moving average is $483.00 and its two-hundred day moving average is $470.34.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.