3EDGE Asset Management LP Has $1.12 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

3EDGE Asset Management LP increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,386 shares of the exchange traded fund's stock after purchasing an additional 547 shares during the quarter. 3EDGE Asset Management LP's holdings in Invesco QQQ were worth $1,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ in the fourth quarter worth $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $1.25 on Friday, hitting $554.20. The stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,419,891. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.63. The company has a fifty day moving average price of $527.06 and a two-hundred day moving average price of $505.74.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.