Bessemer Group Inc. Buys 9,258 Shares of Invesco QQQ (NASDAQ:QQQ)

Bessemer Group Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,321 shares of the exchange traded fund's stock after buying an additional 9,258 shares during the period. Bessemer Group Inc.'s holdings in Invesco QQQ were worth $31,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Proficio Capital Partners LLC boosted its position 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 valued at $5,879,434,000 after buying an additional 11,478,188 shares during the period. NWI Management LP raised its stake in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $679,936,000. Finally, Asset Planning Services Inc. LA ADV grew its stake in shares of Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after purchasing an additional 931,801 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.3%

QQQ traded up $1.87 during midday trading on Friday, reaching $548.09. 57,440,636 shares of the company's stock traded hands, compared to its average volume of 38,990,495. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $549.90. The firm has a fifty day moving average of $507.68 and a two-hundred day moving average of $503.87.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.