Bennett Selby Investments LP Has $958,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Bennett Selby Investments LP grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 83.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,042 shares of the exchange traded fund's stock after buying an additional 928 shares during the quarter. Bennett Selby Investments LP's holdings in Invesco QQQ were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $51,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $529.92 on Friday. The firm has a market cap of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. The stock's 50-day moving average is $483.20 and its 200-day moving average is $501.87. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

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

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