Parkside Financial Bank & Trust Has $3.62 Million Stake in Invesco QQQ $QQQ

Parkside Financial Bank & Trust cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,556 shares of the exchange traded fund’s stock after selling 802 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Invesco QQQ were worth $3,617,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares during the period. Bank of New York Mellon Corp lifted its holdings in Invesco QQQ by 7.7% during the 1st quarter. Bank of New York Mellon Corp now owns 99,906 shares of the exchange traded fund’s stock worth $46,848,000 after purchasing an additional 7,147 shares during the last quarter. Finally, Hunter Associates Investment Management LLC bought a new stake in Invesco QQQ in the 1st quarter valued at $207,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

Shares of NASDAQ QQQ opened at $609.74 on Friday. The stock’s fifty day moving average price is $601.34 and its two-hundred day moving average price is $559.22. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.