Invesco QQQ (NASDAQ:QQQ) Position Increased by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6,291.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Invesco QQQ by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock worth $7,779,000 after buying an additional 832 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Invesco QQQ during the first quarter valued at about $210,000. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 660 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Invesco QQQ by 23.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,445 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 277 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new position in Invesco QQQ during the 2nd quarter valued at about $203,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $509.74 on Monday. The firm’s 50-day moving average is $496.13 and its two-hundred day moving average is $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 company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%.

About Invesco QQQ

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.