Invesco QQQ $QQQ is Winthrop Advisory Group LLC's 4th Largest Position

Key Points

• Winthrop Advisory Group LLC has increased its holdings in Invesco QQQ by 5.4%, making it the 4th largest position in their portfolio, with holdings valued at approximately $73.7 million.
• Invesco QQQ has declared a quarterly dividend of $0.694, up from the previous $0.59, representing an annualized dividend of $2.78 and a yield of 0.5%.
• The stock has shown considerable volatility, with a 1-year low of $402.39 and a 1-year high of $611.75.

Winthrop Advisory Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,500 shares of the exchange traded fund's stock after acquiring an additional 6,788 shares during the quarter. Invesco QQQ accounts for about 7.1% of Winthrop Advisory Group LLC's holdings, making the stock its 4th largest position. Winthrop Advisory Group LLC's holdings in Invesco QQQ were worth $73,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. GSG Advisors LLC grew its holdings in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after purchasing an additional 585 shares during the period. Amundi grew its holdings in Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after purchasing an additional 6,600 shares during the period. Jackson Wealth Management LLC grew its holdings in Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after purchasing an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. grew its holdings in Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock valued at $3,649,000 after purchasing an additional 605 shares during the period. Finally, AM Investment Strategies LLC grew its holdings in Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock valued at $904,000 after purchasing an additional 612 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $611.44 on Thursday. The stock has a fifty day simple moving average of $582.26 and a two-hundred day simple moving average of $534.45. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $611.75.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.

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