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

Benjamin F. Edwards & Company Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,293 shares of the exchange traded fund’s stock after purchasing an additional 2,420 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Invesco QQQ were worth $19,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $30,000. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.5 %

Shares of QQQ opened at $483.36 on Friday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The firm’s 50-day moving average price is $468.32 and its 200-day moving average price is $458.07.

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.