Invesco QQQ $QQQ Shares Purchased by Parallel Advisors LLC

Key Points

• Parallel Advisors increased its Invesco QQQ position by 5.3% in the third quarter, adding 2,615 shares to hold 51,705 shares valued at about $38.25 million.
• QQQ has benefited from a recovery in technology stocks and broader U.S. equities, but its heavy tech exposure leaves it vulnerable to AI and semiconductor volatility and interest-rate concerns.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, an annualized yield of approximately 0.5%.

Parallel Advisors LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 51,705 shares of the exchange traded fund's stock after purchasing an additional 2,615 shares during the quarter. Parallel Advisors LLC's holdings in Invesco QQQ were worth $38,250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. High Point Wealth Management LLC boosted its stake in Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after buying an additional 17 shares in the last quarter. Parvin Asset Management LLC bought a new stake in Invesco QQQ in the first quarter worth about $28,000. Financial Management Professionals Inc. raised its position in Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock worth $41,000 after acquiring an additional 25 shares in the last quarter. CrossGen Wealth LLC lifted its holdings in Invesco QQQ by 44.7% in the 3rd quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund's stock valued at $41,000 after acquiring an additional 17 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in Invesco QQQ in the 2nd quarter valued at about $44,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
• Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
• Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
• Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $9.05 during trading hours on Friday, hitting $656.10. 70,404,673 shares of the company's stock traded hands, compared to its average volume of 40,681,568. The company's fifty day simple moving average is $720.97 and its two-hundred day simple moving average is $680.33. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were paid a dividend of $0.7514 per share. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 21st.

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.

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