Benjamin F. Edwards & Company Inc. Raises Position in Invesco QQQ (NASDAQ:QQQ)

Benjamin F. Edwards & Company Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,370 shares of the exchange traded fund’s stock after purchasing an additional 3,612 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Invesco QQQ were worth $16,122,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Red Tortoise LLC boosted its holdings in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the period. Friedenthal Financial purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $42,000. Core Wealth Advisors Inc. lifted its holdings in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Hexagon Capital Partners LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $53,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 2.0 %

QQQ stock traded up $8.58 during mid-day trading on Friday, hitting $435.48. The company had a trading volume of 48,245,958 shares, compared to its average volume of 45,909,441. The company has a 50-day moving average price of $436.56 and a 200 day moving average price of $411.72. Invesco QQQ has a 12-month low of $315.11 and a 12-month high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, March 18th.

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.