Parkside Investments LLC Purchases Shares of 2,500 Invesco QQQ (NASDAQ:QQQ)

Parkside Investments LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,500 shares of the exchange traded fund’s stock, valued at approximately $1,172,000.

Other institutional investors have also modified their holdings of the company. Wilkins Miller Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $1,018,000. Synergy Investment Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $723,000. Grant Private Wealth Management Inc purchased a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $815,000. Tandem Investment Partners LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $4,623,000. Finally, Gemsstock Ltd. boosted its holdings in Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after buying an additional 213,400 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $533.66 on Friday. The firm has a market cap of $334.42 billion, a PE ratio of 32.66 and a beta of 1.11. The firm’s fifty day moving average is $490.36 and its 200 day moving average is $502.64. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

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

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.