Aviso Wealth Management Takes $264,000 Position in Invesco QQQ (NASDAQ:QQQ)

Aviso Wealth Management acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, HoldingsChannel reports. The fund acquired 550 shares of the exchange traded fund’s stock, valued at approximately $264,000.

Several other large investors also recently made changes to their positions in QQQ. Vantage Financial Partners LLC lifted its holdings in Invesco QQQ by 68.0% during the 4th quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock valued at $12,101,000 after purchasing an additional 11,957 shares during the last quarter. Concentrum Wealth Management lifted its holdings in Invesco QQQ by 15.4% during the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after purchasing an additional 1,962 shares during the last quarter. Rollins Financial lifted its holdings in Invesco QQQ by 11.8% during the 4th quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after purchasing an additional 19,785 shares during the last quarter. Gryphon Financial Partners LLC lifted its holdings in Invesco QQQ by 30.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,047 shares of the exchange traded fund’s stock valued at $1,248,000 after purchasing an additional 706 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Invesco QQQ by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 8,437 shares of the exchange traded fund’s stock valued at $3,455,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

Shares of Invesco QQQ stock opened at $486.75 on Friday. The business has a fifty day simple moving average of $468.10 and a two-hundred day simple moving average of $460.07. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is 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.