Kingsview Wealth Management LLC Raises Position in Invesco QQQ $QQQ

Kingsview Wealth Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 104,397 shares of the exchange traded fund’s stock after buying an additional 2,033 shares during the quarter. Invesco QQQ comprises 0.9% of Kingsview Wealth Management LLC’s holdings, making the stock its 18th largest holding. Kingsview Wealth Management LLC’s holdings in Invesco QQQ were worth $64,132,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. V. M. Manning & CO. Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $601,000. Smith Chas P & Associates PA Cpas increased its position in Invesco QQQ by 62.6% during the 4th quarter. Smith Chas P & Associates PA Cpas now owns 81,876 shares of the exchange traded fund’s stock valued at $50,297,000 after buying an additional 31,516 shares in the last quarter. PSI Advisors LLC raised its stake in Invesco QQQ by 12.1% during the fourth quarter. PSI Advisors LLC now owns 89,688 shares of the exchange traded fund’s stock valued at $50,301,000 after buying an additional 9,707 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its stake in Invesco QQQ by 133.1% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,414 shares of the exchange traded fund’s stock valued at $3,326,000 after buying an additional 3,091 shares during the last quarter. Finally, Millington Financial Advisors LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $413,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Trading Down 0.1%

Shares of NASDAQ:QQQ opened at $729.45 on Thursday. The stock has a fifty day simple moving average of $646.52 and a two-hundred day simple moving average of $625.28. Invesco QQQ has a 12-month low of $511.93 and a 12-month high of $733.32.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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