Invesco QQQ (NASDAQ:QQQ) Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,825 shares of the exchange traded fund’s stock after purchasing an additional 880 shares during the period. Invesco QQQ comprises 3.8% of Parcion Private Wealth LLC’s portfolio, making the stock its 7th largest position. Parcion Private Wealth LLC’s holdings in Invesco QQQ were worth $46,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Trust Co. of Virginia VA bought a new stake in shares of Invesco QQQ in the first quarter worth $306,000. Grimes & Company Inc. increased its position in shares of Invesco QQQ by 4.1% in the 1st quarter. Grimes & Company Inc. now owns 5,206 shares of the exchange traded fund’s stock worth $2,311,000 after purchasing an additional 203 shares during the last quarter. Home Federal Bank of Tennessee raised its stake in shares of Invesco QQQ by 10.8% in the 1st quarter. Home Federal Bank of Tennessee now owns 4,563 shares of the exchange traded fund’s stock valued at $2,026,000 after purchasing an additional 443 shares in the last quarter. CRA Financial Services LLC lifted its position in shares of Invesco QQQ by 4.4% during the first quarter. CRA Financial Services LLC now owns 36,604 shares of the exchange traded fund’s stock worth $16,252,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Winthrop Advisory Group LLC grew its stake in Invesco QQQ by 5.1% in the first quarter. Winthrop Advisory Group LLC now owns 106,758 shares of the exchange traded fund’s stock worth $47,463,000 after purchasing an additional 5,217 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $495.32 on Friday. The business has a 50-day moving average price of $480.10 and a 200 day moving average price of $466.30. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.