Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 6,291.4% in the third quarter, Holdings Channel.com reports. The fund owned 47,296 shares of the exchange traded fund’s stock after buying an additional 46,556 shares during the quarter. Benjamin Edwards Inc.’s holdings in Invesco QQQ were worth $23,091,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QQQ. Vanguard Group Inc. boosted its position in shares of Invesco QQQ by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after purchasing an additional 832 shares during the period. Janus Henderson Group PLC purchased a new stake in Invesco QQQ during the first quarter valued at about $210,000. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 165.0% in the second quarter. GAMMA Investing LLC now owns 1,060 shares of the exchange traded fund’s stock worth $508,000 after buying an additional 660 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Invesco QQQ by 23.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,445 shares of the exchange traded fund’s stock worth $692,000 after acquiring an additional 277 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in shares of Invesco QQQ during the second quarter valued at approximately $203,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $509.74 on Monday. The firm has a 50 day simple moving average of $496.13 and a 200 day simple moving average of $479.38. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%.

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.

See Also

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:QQQFree Report).

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

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