Parcion Private Wealth LLC Has $33.68 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Parcion Private Wealth LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 40.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,231 shares of the exchange traded fund’s stock after buying an additional 23,474 shares during the quarter. Invesco QQQ makes up approximately 3.1% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 7th largest position. Parcion Private Wealth LLC’s holdings in Invesco QQQ were worth $33,675,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. VisionPoint Advisory Group LLC bought a new position in Invesco QQQ during the 2nd quarter worth approximately $36,000. Core Wealth Advisors Inc. raised its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Invesco QQQ during the 2nd quarter worth approximately $44,000. Blume Capital Management Inc. raised its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Buck Wealth Strategies LLC raised its holdings in Invesco QQQ by 71.4% during the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $441.11 on Wednesday. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The firm has a 50 day moving average price of $435.73 and a two-hundred day moving average price of $401.79.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

About Invesco QQQ

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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