Invesco QQQ (NASDAQ:QQQ) Shares Bought by Park Place Capital Corp

Park Place Capital Corp boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 110.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,491 shares of the exchange traded fund’s stock after acquiring an additional 781 shares during the period. Park Place Capital Corp’s holdings in Invesco QQQ were worth $662,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Silvia Mccoll Wealth Management LLC lifted its holdings in Invesco QQQ by 4.0% during the first quarter. Silvia Mccoll Wealth Management LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $1,164,000 after purchasing an additional 101 shares in the last quarter. O ROURKE & COMPANY Inc lifted its holdings in Invesco QQQ by 4.9% during the first quarter. O ROURKE & COMPANY Inc now owns 1,113 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 52 shares in the last quarter. Claro Advisors LLC lifted its holdings in Invesco QQQ by 11.5% during the first quarter. Claro Advisors LLC now owns 24,738 shares of the exchange traded fund’s stock valued at $10,984,000 after purchasing an additional 2,551 shares in the last quarter. CCG Wealth Management LLC lifted its holdings in Invesco QQQ by 96.9% during the first quarter. CCG Wealth Management LLC now owns 11,188 shares of the exchange traded fund’s stock valued at $4,968,000 after purchasing an additional 5,507 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in Invesco QQQ by 2.6% during the first quarter. Miracle Mile Advisors LLC now owns 386,635 shares of the exchange traded fund’s stock valued at $171,670,000 after purchasing an additional 9,657 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $481.92 on Tuesday. The company’s 50-day moving average price is $454.85 and its 200-day moving average price is $436.77. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $487.20.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, June 24th.

Invesco QQQ 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.