Parker Investment Management LLC Sells 1,720 Shares of Invesco QQQ $QQQ

Parker Investment Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQFree Report) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,560 shares of the exchange traded fund’s stock after selling 1,720 shares during the quarter. Invesco QQQ accounts for approximately 13.5% of Parker Investment Management LLC’s holdings, making the stock its largest position. Parker Investment Management LLC’s holdings in Invesco QQQ were worth $113,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Navigoe LLC grew its stake in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares during the last quarter. PayPay Securities Corp increased its position in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Invesco QQQ in the third quarter valued at $42,000. Finally, Moser Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

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Invesco QQQ Stock Performance

Invesco QQQ stock opened at $626.14 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company has a 50-day simple moving average of $620.25 and a 200-day simple moving average of $601.30.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco QQQ Profile

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

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