Park Edge Advisors LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Park Edge Advisors LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 758 shares of the exchange traded fund’s stock, valued at approximately $337,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Atwater Malick LLC bought a new position in shares of Invesco QQQ in the first quarter worth approximately $293,000. Bank Hapoalim BM boosted its stake in Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after purchasing an additional 4,549 shares during the last quarter. Aviance Capital Partners LLC boosted its stake in Invesco QQQ by 29.7% during the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares during the last quarter. GenWealth Group Inc. increased its holdings in shares of Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Finally, VitalStone Financial LLC raised its stake in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.8 %

Invesco QQQ stock opened at $491.04 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $491.17. The business’s fifty day moving average is $459.98 and its 200 day moving average is $438.63.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.