Park Edge Advisors LLC Has $1.13 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Park Edge Advisors LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 210.3% in the second quarter, HoldingsChannel reports. The firm owned 2,352 shares of the exchange traded fund’s stock after acquiring an additional 1,594 shares during the period. Park Edge Advisors LLC’s holdings in Invesco QQQ were worth $1,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ during the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ during the 1st quarter valued at $29,000. Legacy Bridge LLC increased its holdings in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Finally, Chelsea Counsel Co. acquired a new stake in Invesco QQQ during the 1st quarter valued at $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.3 %

QQQ stock traded up $1.42 during midday trading on Tuesday, reaching $476.76. 27,278,434 shares of the company’s stock traded hands, compared to its average volume of 40,546,648. The company has a 50-day simple moving average of $474.89 and a two-hundred day simple moving average of $454.07. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, June 24th.

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.