Aviso Wealth Management Buys 2,954 Shares of Invesco QQQ (NASDAQ:QQQ)

Aviso Wealth Management grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 537.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,504 shares of the exchange traded fund’s stock after buying an additional 2,954 shares during the period. Invesco QQQ makes up 0.9% of Aviso Wealth Management’s portfolio, making the stock its 28th biggest position. Aviso Wealth Management’s holdings in Invesco QQQ were worth $1,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MAI Capital Management boosted its holdings in Invesco QQQ by 1.9% during the third quarter. MAI Capital Management now owns 293,178 shares of the exchange traded fund’s stock worth $143,091,000 after buying an additional 5,391 shares during the last quarter. Adaptive Financial Consulting LLC boosted its holdings in Invesco QQQ by 0.3% during the third quarter. Adaptive Financial Consulting LLC now owns 29,946 shares of the exchange traded fund’s stock worth $14,616,000 after buying an additional 83 shares during the last quarter. TrinityPoint Wealth LLC boosted its holdings in Invesco QQQ by 2.8% during the third quarter. TrinityPoint Wealth LLC now owns 4,454 shares of the exchange traded fund’s stock worth $2,174,000 after buying an additional 120 shares during the last quarter. Westfuller Advisors LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth about $2,475,000. Finally, Gilbert & Cook Inc. raised its position in shares of Invesco QQQ by 96.1% during the third quarter. Gilbert & Cook Inc. now owns 3,276 shares of the exchange traded fund’s stock worth $1,599,000 after purchasing an additional 1,605 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.4 %

NASDAQ QQQ opened at $496.57 on Monday. The stock’s 50-day moving average is $489.33 and its 200-day moving average is $474.83. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. 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.