Centric Wealth Management Has $4.29 Million Position in Invesco QQQ (NASDAQ:QQQ)

Centric Wealth Management increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,493 shares of the exchange traded fund’s stock after acquiring an additional 594 shares during the period. Invesco QQQ comprises 1.1% of Centric Wealth Management’s holdings, making the stock its 20th largest holding. Centric Wealth Management’s holdings in Invesco QQQ were worth $4,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in QQQ. Northeast Investment Management grew its stake in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 20 shares during the last quarter. Planning Capital Management Corp increased its stake in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares during the period. Prospect Financial Services LLC lifted its position in Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares during the last quarter. Skyline Advisors Inc. grew its holdings in shares of 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 purchasing an additional 21 shares during the last quarter. Finally, Madden Advisory Services Inc. raised its holdings in Invesco QQQ by 0.9% during 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 buying an additional 21 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $505.30 on Friday. The company’s fifty day simple moving average is $495.58 and its two-hundred day simple moving average is $478.50. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 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.