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Park Edge Advisors LLC Acquires 6,045 Shares of Invesco QQQ $QQQ

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Key Points

  • Park Edge Advisors raised its stake in Invesco QQQ by 296.3% in Q4, buying an additional 6,045 shares to hold 8,085 shares worth $4.966 million, making QQQ 1.1% of its portfolio and its 12th largest position.
  • QQQ market snapshot: the ETF opened at $584.98 (52-week range $402.39–$637.01) with a 50-day/200-day moving average of $602.08/$609.17, pays a quarterly dividend of $0.7328 (annualized $2.93, 0.5% yield), and faces mixed news flow and macro/rate risks amid ~44.6% institutional ownership.
  • MarketBeat previews top five stocks to own in May.

Park Edge Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 296.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,085 shares of the exchange traded fund's stock after purchasing an additional 6,045 shares during the period. Invesco QQQ accounts for 1.1% of Park Edge Advisors LLC's portfolio, making the stock its 12th largest position. Park Edge Advisors LLC's holdings in Invesco QQQ were worth $4,966,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new stake in Invesco QQQ in the third quarter worth $25,000. Shcp LLC bought a new position in shares of Invesco QQQ during the third quarter valued at $27,000. Navigoe LLC raised its position in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock worth $36,000 after purchasing an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth about $40,000. Finally, PayPay Securities Corp boosted its stake in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after purchasing an additional 30 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $584.98 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company's 50-day moving average is $602.08 and its 200 day moving average is $609.17.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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