Parcion Private Wealth LLC Purchases 17,954 Shares of Invesco QQQ (NASDAQ:QQQ)

Parcion Private Wealth LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 23.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,945 shares of the exchange traded fund’s stock after acquiring an additional 17,954 shares during the period. Invesco QQQ comprises about 4.1% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 7th biggest holding. Parcion Private Wealth LLC’s holdings in Invesco QQQ were worth $45,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Prospect Financial Services LLC grew its holdings in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after purchasing an additional 21 shares in the last quarter. Sweeney & Michel LLC boosted its stake in Invesco QQQ by 4.0% during the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares in the last quarter. Family Firm Inc. increased its holdings in Invesco QQQ by 3.1% in the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 22 shares during the period. Summit X LLC increased its holdings in Invesco QQQ by 0.4% in the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after buying an additional 24 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $12.35 during trading on Friday, hitting $448.69. 50,624,385 shares of the company’s stock traded hands, compared to its average volume of 40,492,672. The firm’s fifty day moving average price is $472.43 and its 200 day moving average price is $455.91. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.68%.

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.