Parisi Gray Wealth Management Has $19.51 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Parisi Gray Wealth Management decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,603 shares of the exchange traded fund's stock after selling 3,024 shares during the period. Invesco QQQ makes up 6.4% of Parisi Gray Wealth Management's holdings, making the stock its 2nd biggest holding. Parisi Gray Wealth Management's holdings in Invesco QQQ were worth $19,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.3%

Shares of QQQ traded down $1.80 during trading hours on Wednesday, reaching $532.41. The stock had a trading volume of 53,362,792 shares, compared to its average volume of 38,250,616. The company has a market capitalization of $333.63 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The firm has a 50-day simple moving average of $485.97 and a 200 day simple moving average of $502.25. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.