Invesco QQQ (NASDAQ:QQQ) Stock Holdings Boosted by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,926 shares of the exchange traded fund's stock after purchasing an additional 836 shares during the period. Parallel Advisors LLC's holdings in Invesco QQQ were worth $22,004,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Silvia Mccoll Wealth Management LLC increased its stake in Invesco QQQ by 32.2% during the first quarter. Silvia Mccoll Wealth Management LLC now owns 2,804 shares of the exchange traded fund's stock valued at $1,315,000 after purchasing an additional 683 shares during the last quarter. GoalVest Advisory LLC increased its stake in Invesco QQQ by 202.3% during the first quarter. GoalVest Advisory LLC now owns 1,040 shares of the exchange traded fund's stock valued at $487,000 after purchasing an additional 696 shares during the last quarter. GAMMA Investing LLC increased its stake in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Invesco QQQ by 7.1% during the first quarter. AdvisorNet Financial Inc now owns 22,429 shares of the exchange traded fund's stock worth $10,518,000 after acquiring an additional 1,479 shares during the last quarter. Finally, Bath Savings Trust Co grew its position in shares of Invesco QQQ by 10.1% during the first quarter. Bath Savings Trust Co now owns 732 shares of the exchange traded fund's stock worth $343,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $3.24 during trading on Friday, hitting $516.69. 67,585,697 shares of the stock were exchanged, compared to its average volume of 37,676,372. The stock's fifty day moving average is $478.06 and its 200 day moving average is $501.02. The stock has a market cap of $323.78 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.