Park Avenue Securities LLC Has $18.72 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Park Avenue Securities LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 37.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 39,919 shares of the exchange traded fund's stock after acquiring an additional 10,885 shares during the period. Park Avenue Securities LLC's holdings in Invesco QQQ were worth $18,719,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter worth $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.0%

Shares of Invesco QQQ stock opened at $529.92 on Friday. The business's fifty day simple moving average is $483.20 and its 200 day simple moving average is $501.87. The firm has a market capitalization of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 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.

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