Parcion Private Wealth LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Parcion Private Wealth LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 23.6% in the second quarter, HoldingsChannel reports. The firm owned 93,945 shares of the exchange traded fund’s stock after acquiring an additional 17,954 shares during the period. Invesco QQQ makes up 4.1% of Parcion Private Wealth LLC’s portfolio, making the stock its 7th biggest position. Parcion Private Wealth LLC’s holdings in Invesco QQQ were worth $45,010,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of QQQ. Mosley Wealth Management acquired a new position in shares of Invesco QQQ during the second quarter worth approximately $273,000. Ceera Investments LLC raised its position in Invesco QQQ by 62.6% in the 2nd quarter. Ceera Investments LLC now owns 1,465 shares of the exchange traded fund’s stock worth $702,000 after purchasing an additional 564 shares during the last quarter. Greystone Financial Group LLC lifted its holdings in Invesco QQQ by 26.4% during the 2nd quarter. Greystone Financial Group LLC now owns 2,897 shares of the exchange traded fund’s stock worth $1,388,000 after buying an additional 605 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in Invesco QQQ by 1.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 13,718 shares of the exchange traded fund’s stock valued at $6,572,000 after buying an additional 160 shares during the last quarter. Finally, Hanlon Investment Management Inc. acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at $263,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.7 %

Shares of QQQ traded down $12.35 during trading hours on Friday, hitting $448.69. 50,624,385 shares of the stock traded hands, compared to its average volume of 40,492,672. The business has a fifty day moving average of $472.43 and a 200-day moving average of $455.91. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.68%.

About Invesco QQQ

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.