Invesco QQQ (NASDAQ:QQQ) is King Wealth Management Group’s 2nd Largest Position

King Wealth Management Group raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,118 shares of the exchange traded fund’s stock after acquiring an additional 3,307 shares during the period. Invesco QQQ makes up approximately 9.0% of King Wealth Management Group’s holdings, making the stock its 2nd biggest holding. King Wealth Management Group’s holdings in Invesco QQQ were worth $61,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Proficio Capital Partners LLC boosted its holdings in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Toronto Dominion Bank boosted its stake in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the period. Strategic Financial Concepts LLC boosted its stake in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. increased its position in Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after acquiring an additional 27,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after buying an additional 52,235 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.8 %

QQQ stock opened at $468.34 on Friday. The firm has a market cap of $295.17 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The business’s fifty day simple moving average is $515.67 and its two-hundred day simple moving average is $503.63.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.