Benjamin Edwards Inc. Purchases 2,780 Shares of Invesco QQQ (NASDAQ:QQQ)

Benjamin Edwards Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing 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 period. Benjamin Edwards Inc.'s holdings in Invesco QQQ were worth $25,609,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the period. Strategic Financial Concepts LLC lifted its position in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after purchasing an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after buying an additional 52,235 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.9 %

QQQ traded down $4.52 on Tuesday, reaching $481.41. The stock had a trading volume of 31,484,778 shares, compared to its average volume of 36,368,973. The company has a market capitalization of $301.68 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a 50-day moving average of $468.98 and a 200-day moving average of $499.58.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.