Invesco QQQ $QQQ Stock Position Lowered by Parallel Advisors LLC

Parallel Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,999 shares of the exchange traded fund’s stock after selling 961 shares during the quarter. Parallel Advisors LLC’s holdings in Invesco QQQ were worth $28,281,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QQQ. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ in the fourth quarter worth about $25,000. Shcp LLC bought a new position in shares of Invesco QQQ during the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $29,000. Finally, Islay Capital Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $32,000. Institutional investors own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Apple is outperforming and hitting fresh records, which helps support QQQ because AAPL is one of its largest holdings. AAPL Stock Hits Fresh Record As July Rally Nears Best Month In Nearly 4 Years — HSBC Sees Another 10% Upside
• Neutral Sentiment: New ETF launches and commentary continue to highlight investor interest in Nasdaq and tech income strategies, but these are not strong enough to move QQQ on their own. Meet TMGN, the 0.88 Fee ETF Betting on Tech Giants and Options Income
• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower intraday, suggesting overall risk appetite has softened. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Chip stocks are under pressure on TSMC capex concerns, hurting the semiconductor-heavy portion of the Nasdaq-100 and weighing on QQQ. S&P 500, Nasdaq, Dow End Lower As Chip Stocks Slide On TSMC Capex Concerns — TSM, MU, NVDA, UNH, GOOGL In Focus
• Negative Sentiment: Tech and momentum stocks are seeing some of the highest volatility in decades, adding to pressure on the Nasdaq-100 and QQQ. The Tech Shakeout: Market Extremes & Gavin Baker’s Bold Call

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $695.33 on Monday. Invesco QQQ has a 12 month low of $551.68 and a 12 month high of $748.65. The company’s 50 day simple moving average is $720.41 and its 200 day simple moving average is $653.36.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

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.