Invesco QQQ $QQQ Stake Lowered by Parker Investment Management LLC

Parker Investment Management LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,280 shares of the exchange traded fund’s stock after selling 3,984 shares during the period. Invesco QQQ comprises approximately 14.7% of Parker Investment Management LLC’s portfolio, making the stock its 2nd biggest holding. Parker Investment Management LLC’s holdings in Invesco QQQ were worth $104,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ in the second quarter worth approximately $30,000. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the second quarter worth approximately $41,000. Moser Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the last quarter. Blume Capital Management Inc. raised its holdings in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $608.86 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company’s fifty day moving average price is $605.86 and its two-hundred day moving average price is $565.19.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.