Invesco QQQ (NASDAQ:QQQ) is Sightline Wealth Advisors LLC’s 9th Largest Position

Sightline Wealth Advisors LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 22.7% during the 4th quarter, Holdings Channel reports. The firm owned 9,162 shares of the exchange traded fund’s stock after acquiring an additional 1,695 shares during the period. Invesco QQQ makes up about 2.5% of Sightline Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Sightline Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,684,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Northeast Investment Management boosted 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 worth $1,697,000 after buying an additional 20 shares during the last quarter. Planning Capital Management Corp raised its position 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 worth $146,000 after acquiring an additional 20 shares during the period. Skyline Advisors Inc. raised its position in Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the period. Madden Advisory Services Inc. boosted its stake in Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares during the last quarter. Finally, Meridian Management Co. increased its stake in shares of Invesco QQQ by 0.6% during the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock worth $1,640,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3 %

NASDAQ:QQQ opened at $505.56 on Tuesday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The firm’s 50 day moving average is $515.32 and its 200 day moving average is $491.29.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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.