Parcion Private Wealth LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,121 shares of the exchange traded fund's stock after selling 5,704 shares during the quarter. Invesco QQQ accounts for about 3.5% of Parcion Private Wealth LLC's investment portfolio, making the stock its 6th largest position. Parcion Private Wealth LLC's holdings in Invesco QQQ were worth $45,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. raised its position in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after purchasing an additional 46 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 1.1% in the third quarter. Sequoia Financial Advisors LLC now owns 95,153 shares of the exchange traded fund's stock valued at $46,441,000 after buying an additional 1,012 shares during the last quarter. Sierra Capital LLC grew its holdings in Invesco QQQ by 1.6% during the 3rd quarter. Sierra Capital LLC now owns 3,343 shares of the exchange traded fund's stock worth $1,632,000 after acquiring an additional 54 shares during the last quarter. Xcel Wealth Management LLC increased its position in Invesco QQQ by 50.1% in the 3rd quarter. Xcel Wealth Management LLC now owns 1,573 shares of the exchange traded fund's stock valued at $768,000 after acquiring an additional 525 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Invesco QQQ in the 3rd quarter valued at about $6,631,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded down $11.11 during trading hours on Friday, reaching $526.12. 44,910,510 shares of the company were exchanged, compared to its average volume of 30,288,176. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock's fifty day moving average is $523.48 and its two-hundred day moving average is $500.07.
Invesco QQQ Dividend Announcement
The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.
Invesco QQQ Company Profile
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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.
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