Kingsview Wealth Management LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Kingsview Wealth Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 4.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,920 shares of the exchange traded fund’s stock after buying an additional 4,433 shares during the quarter. Invesco QQQ makes up 1.0% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Kingsview Wealth Management LLC’s holdings in Invesco QQQ were worth $48,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Northeast Investment Management lifted its holdings in shares of Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares in the last quarter. Planning Capital Management Corp increased its holdings in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares during the period. Prospect Financial Services LLC increased its holdings in Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Skyline Advisors Inc. lifted its stake in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. boosted its holdings in Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.2 %

Invesco QQQ stock opened at $505.79 on Friday. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58. The firm’s fifty day moving average price is $493.08 and its 200-day moving average price is $476.67.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend 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.