Park Edge Advisors LLC Buys 899 Shares of Invesco QQQ $QQQ

Park Edge Advisors LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 130.7% in the second quarter, HoldingsChannel reports. The firm owned 1,587 shares of the exchange traded fund’s stock after acquiring an additional 899 shares during the period. Park Edge Advisors LLC’s holdings in Invesco QQQ were worth $876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter valued at about $51,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $67,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

NASDAQ QQQ opened at $586.66 on Friday. The stock has a 50-day simple moving average of $568.24 and a 200 day simple moving average of $520.54. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $587.86.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.