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

Winthrop Advisory Group LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,712 shares of the exchange traded fund's stock after acquiring an additional 3,933 shares during the quarter. Invesco QQQ makes up about 7.2% of Winthrop Advisory Group LLC's investment portfolio, making the stock its 4th largest position. Winthrop Advisory Group LLC's holdings in Invesco QQQ were worth $59,508,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at about $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at about $51,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.6%

Shares of Invesco QQQ stock traded down $3.24 during midday trading on Friday, hitting $516.69. The company had a trading volume of 67,585,697 shares, compared to its average volume of 37,676,372. The stock has a market cap of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The company has a fifty day simple moving average of $478.06 and a 200 day simple moving average of $501.10. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.