Park Edge Advisors LLC Invests $337,000 in Invesco QQQ (NASDAQ:QQQ)

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

Several other hedge funds and other institutional investors have also modified their holdings of the company. Financial Perspectives Inc increased its position in Invesco QQQ by 3.2% during the first quarter. Financial Perspectives Inc now owns 4,932 shares of the exchange traded fund’s stock worth $2,190,000 after acquiring an additional 153 shares during the period. Kaye Capital Management increased its position in shares of Invesco QQQ by 26.1% during the 1st quarter. Kaye Capital Management now owns 38,397 shares of the exchange traded fund’s stock worth $17,049,000 after purchasing an additional 7,940 shares in the last quarter. Tempus Wealth Planning LLC increased its holdings in shares of Invesco QQQ by 4.7% during the first quarter. Tempus Wealth Planning LLC now owns 7,619 shares of the exchange traded fund’s stock worth $3,383,000 after buying an additional 343 shares in the last quarter. Ndwm LLC raised its position in Invesco QQQ by 0.8% in the 1st quarter. Ndwm LLC now owns 6,333 shares of the exchange traded fund’s stock valued at $2,812,000 after purchasing an additional 49 shares during the last quarter. Finally, Core Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 9.4% in the first quarter. Core Wealth Partners LLC now owns 2,053 shares of the exchange traded fund’s stock valued at $911,000 after buying an additional 176 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.8 %

Shares of QQQ stock opened at $491.04 on Friday. The stock has a 50-day moving average price of $459.98 and a 200 day moving average price of $438.63. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $491.17.

Invesco QQQ Increases Dividend

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