Park Avenue Securities LLC Sells 483 Shares of Invesco QQQ $QQQ

Key Points

• Park Avenue Securities LLC reduced its stake in Invesco QQQ by 1.2%, now owning 39,436 shares valued at approximately $21.76 million after selling 483 shares.
• Several institutional investors increased their holdings in Invesco QQQ during the fourth quarter, with Brighton Jones LLC raising its stake by 15.0%.
• Invesco QQQ recently declared a quarterly dividend of $0.5911, translating to an annual yield of 0.4%.

Park Avenue Securities LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,436 shares of the exchange traded fund's stock after selling 483 shares during the period. Park Avenue Securities LLC's holdings in Invesco QQQ were worth $21,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of QQQ. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ during the 2nd quarter worth $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the 1st quarter worth $51,000. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 105.0% during 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. Finally, Atlantic Private Wealth LLC increased its position in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $4.03 during trading hours on Friday, reaching $599.35. The stock had a trading volume of 58,129,765 shares, compared to its average volume of 47,450,008. The business's fifty day moving average is $572.19 and its two-hundred day moving average is $524.01. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $600.05.

Invesco QQQ Cuts Dividend

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

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.