Parallel Advisors LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Parallel Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,090 shares of the exchange traded fund’s stock after purchasing an additional 559 shares during the period. Invesco QQQ comprises about 0.5% of Parallel Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Parallel Advisors LLC’s holdings in Invesco QQQ were worth $23,563,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its holdings in Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC increased its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. Artemis Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after purchasing an additional 895,277 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after buying an additional 324,948 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.4 %

Shares of QQQ stock opened at $479.66 on Monday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market cap of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. The company has a 50 day simple moving average of $514.89 and a two-hundred day simple moving average of $504.08.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.