Invesco QQQ $QQQ Stake Cut by Parisi Gray Wealth Management

Parisi Gray Wealth Management lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,498 shares of the exchange traded fund’s stock after selling 105 shares during the quarter. Invesco QQQ makes up about 6.6% 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 $22,892,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Compass Financial Services Inc lifted its stake in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after buying an additional 19 shares in the last quarter. Willis Johnson & Associates Inc. raised its holdings in Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after acquiring an additional 21 shares during the last quarter. MTM Investment Management LLC raised its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Cutler Investment Counsel LLC raised its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its holdings in Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock valued at $707,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

Shares of QQQ opened at $586.66 on Monday. The stock has a fifty day moving average of $568.24 and a two-hundred day moving average of $520.68. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $587.86.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.