Kingsview Wealth Management LLC Cuts Stock Holdings in Invesco QQQ $QQQ

Kingsview Wealth Management LLC lessened its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,364 shares of the exchange traded fund’s stock after selling 3,455 shares during the quarter. Invesco QQQ comprises approximately 0.9% of Kingsview Wealth Management LLC’s holdings, making the stock its 20th biggest holding. Kingsview Wealth Management LLC’s holdings in Invesco QQQ were worth $61,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Securities Inc. raised its holdings in shares of Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC acquired a new stake in Invesco QQQ in the third quarter valued at approximately $803,000. Great Point Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at approximately $507,000. Strengthening Families & Communities LLC acquired a new position in shares of Invesco QQQ during the third quarter worth $10,771,000. Finally, Coyle Financial Counsel LLC lifted its position in shares of Invesco QQQ by 4.9% during the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after purchasing an additional 2,035 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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Invesco QQQ Stock Down 0.3%

QQQ opened at $607.29 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The company has a fifty day simple moving average of $616.27 and a 200 day simple moving average of $606.66.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd.

Invesco QQQ 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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