Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Aviso Wealth Management

Aviso Wealth Management raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 537.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 approximately 0.9% of Aviso Wealth Management's holdings, making the stock its 28th largest holding. Aviso Wealth Management's holdings in Invesco QQQ were worth $1,710,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. MAI Capital Management increased its stake in shares of Invesco QQQ by 1.9% during the 3rd quarter. MAI Capital Management now owns 293,178 shares of the exchange traded fund's stock worth $143,091,000 after purchasing an additional 5,391 shares in the last quarter. Adaptive Financial Consulting LLC increased its stake in shares of Invesco QQQ by 0.3% during the 3rd quarter. Adaptive Financial Consulting LLC now owns 29,946 shares of the exchange traded fund's stock worth $14,616,000 after purchasing an additional 83 shares in the last quarter. TrinityPoint Wealth LLC increased its stake in shares of Invesco QQQ by 2.8% during the 3rd quarter. TrinityPoint Wealth LLC now owns 4,454 shares of the exchange traded fund's stock worth $2,174,000 after purchasing an additional 120 shares in the last quarter. Westfuller Advisors LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $2,475,000. Finally, Gilbert & Cook Inc. increased its stake in shares of Invesco QQQ by 96.1% during the 3rd 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 in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.8 %

NASDAQ QQQ traded up $3.75 during mid-day trading on Monday, reaching $500.32. 20,595,961 shares of the stock were exchanged, compared to its average volume of 38,174,238. The business's fifty day simple moving average is $489.33 and its 200 day simple moving average is $474.83. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.