Parker Investment Management LLC Has $98.75 Million Stock Holdings in Invesco QQQ $QQQ

Parker Investment Management LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 1.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 171,083 shares of the exchange traded fund’s stock after selling 2,116 shares during the quarter. Invesco QQQ comprises 15.0% of Parker Investment Management LLC’s holdings, making the stock its 2nd biggest holding. Parker Investment Management LLC’s holdings in Invesco QQQ were worth $98,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CAP Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after acquiring an additional 15 shares in the last quarter. Durante & Waters LLC raised its holdings in Invesco QQQ by 1.1% during the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after acquiring an additional 15 shares in the last quarter. Well Done LLC boosted its position in Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after purchasing an additional 16 shares during the last quarter. Forty three Eighteen Advisors LLC boosted its position in Invesco QQQ by 0.6% during the first quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock valued at $1,555,000 after purchasing an additional 16 shares during the last quarter. Finally, Tenon Financial LLC grew its stake in Invesco QQQ by 2.2% in the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 17 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.5%

NASDAQ:QQQ opened at $705.35 on Thursday. Invesco QQQ has a twelve month low of $551.68 and a twelve month high of $748.65. The stock’s 50 day moving average price is $719.91 and its two-hundred day moving average price is $655.21.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were given a $0.8135 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.

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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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