Winthrop Advisory Group LLC Buys 3,938 Shares of Invesco QQQ (NASDAQ:QQQ)

Winthrop Advisory Group LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,779 shares of the exchange traded fund’s stock after purchasing an additional 3,938 shares during the quarter. Invesco QQQ comprises 6.9% of Winthrop Advisory Group LLC’s holdings, making the stock its 5th biggest position. Winthrop Advisory Group LLC’s holdings in Invesco QQQ were worth $62,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after buying an additional 338,494 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after buying an additional 33,790 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Invesco QQQ by 1.1% during the second quarter. Canada Pension Plan Investment Board now owns 1,800,000 shares of the exchange traded fund’s stock worth $862,398,000 after buying an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded down $6.10 during midday trading on Monday, hitting $501.09. 8,167,112 shares of the company traded hands, compared to its average volume of 30,794,307. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15. The business has a 50 day simple moving average of $514.92 and a two-hundred day simple moving average of $491.12.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 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.