LongView Wealth Management Grows Position in Invesco QQQ (NASDAQ:QQQ)

LongView Wealth Management boosted its position in Invesco QQQ (NASDAQ:QQQ) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,960 shares of the exchange traded fund’s stock after purchasing an additional 463 shares during the period. Invesco QQQ comprises 1.7% of LongView Wealth Management’s investment portfolio, making the stock its 15th biggest position. LongView Wealth Management’s holdings in Invesco QQQ were worth $5,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northeast Investment Management raised its holdings in shares of Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares in the last quarter. Planning Capital Management Corp grew its stake in Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC raised its holdings in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares in the last quarter. Skyline Advisors Inc. lifted its position in shares of Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 21 shares during the last quarter. Finally, Madden Advisory Services Inc. grew its position in shares of 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 worth $1,214,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

Shares of NASDAQ:QQQ opened at $521.74 on Friday. The business’s 50-day moving average is $515.79 and its 200 day moving average is $491.80. Invesco QQQ has a 1 year low of $409.16 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.