Zevin Asset Management LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Zevin Asset Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,652 shares of the exchange traded fund’s stock after acquiring an additional 56 shares during the quarter. Zevin Asset Management LLC’s holdings in Invesco QQQ were worth $806,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of QQQ. Strengthening Families & Communities LLC grew its holdings in Invesco QQQ by 1.0% during the third quarter. Strengthening Families & Communities LLC now owns 21,131 shares of the exchange traded fund’s stock worth $10,313,000 after acquiring an additional 209 shares during the period. Aviso Wealth Management boosted its position in shares of Invesco QQQ by 537.1% during the 3rd quarter. Aviso Wealth Management now owns 3,504 shares of the exchange traded fund’s stock valued at $1,710,000 after acquiring an additional 2,954 shares during the last quarter. MAI Capital Management grew its position in Invesco QQQ by 1.9% in the third quarter. MAI Capital Management now owns 293,178 shares of the exchange traded fund’s stock worth $143,091,000 after acquiring an additional 5,391 shares during the period. Adaptive Financial Consulting LLC raised its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. Adaptive Financial Consulting LLC now owns 29,946 shares of the exchange traded fund’s stock valued at $14,616,000 after acquiring an additional 83 shares during the period. Finally, TrinityPoint Wealth LLC boosted its holdings in Invesco QQQ by 2.8% during the 3rd quarter. TrinityPoint Wealth LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $2,174,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.4 %

Shares of QQQ opened at $496.57 on Monday. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58. The stock has a 50-day simple moving average of $489.33 and a 200-day simple moving average of $474.83.

Invesco QQQ Cuts Dividend

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

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.