Benjamin Edwards Inc. Has $25.61 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Benjamin Edwards Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,076 shares of the exchange traded fund’s stock after purchasing an additional 2,780 shares during the quarter. Benjamin Edwards Inc.’s holdings in Invesco QQQ were worth $25,609,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares during the period. Silverleafe Capital Partners LLC boosted its position in shares of Invesco QQQ by 16.8% during the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock valued at $23,165,000 after purchasing an additional 6,518 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $723,000. Finally, Grant Private Wealth Management Inc bought a new stake in Invesco QQQ in the fourth quarter worth approximately $815,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $488.83 on Friday. The firm has a market cap of $306.33 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The business’s 50 day moving average price is $469.56 and its two-hundred day moving average price is $499.58.

Invesco QQQ Cuts Dividend

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