Park Place Capital Corp Sells 386 Shares of Invesco QQQ (NASDAQ:QQQ)

Park Place Capital Corp reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 24.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,181 shares of the exchange traded fund’s stock after selling 386 shares during the quarter. Park Place Capital Corp’s holdings in Invesco QQQ were worth $577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Atwater Malick LLC bought a new stake in Invesco QQQ in the first quarter worth $293,000. Westwood Holdings Group Inc. lifted its position in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the last quarter. GenWealth Group Inc. lifted its position in Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after buying an additional 2,325 shares during the last quarter. Socha Financial Group LLC lifted its position in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the last quarter. Finally, SVB Wealth LLC lifted its position in Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after buying an additional 2,453 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.1 %

QQQ traded up $5.29 during trading on Tuesday, reaching $487.39. The company had a trading volume of 11,187,374 shares, compared to its average volume of 39,463,492. The business has a 50 day simple moving average of $469.92 and a 200-day simple moving average of $462.07. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.56%.

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.