Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Parisi Gray Wealth Management

Parisi Gray Wealth Management grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,640 shares of the exchange traded fund’s stock after buying an additional 308 shares during the quarter. Invesco QQQ accounts for about 7.9% of Parisi Gray Wealth Management’s holdings, making the stock its 2nd biggest position. Parisi Gray Wealth Management’s holdings in Invesco QQQ were worth $19,510,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its holdings in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. Morgan Stanley boosted its stake in Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares during the last quarter. Barclays PLC boosted its stake in Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after purchasing an additional 52,019 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after purchasing an additional 243,305 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1 %

Invesco QQQ stock opened at $444.19 on Thursday. The firm’s 50 day simple moving average is $433.08 and its 200 day simple moving average is $399.34. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ Profile

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.