Benedict Financial Advisors Inc. Has $2.58 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Benedict Financial Advisors Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,287 shares of the exchange traded fund’s stock after purchasing an additional 168 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Invesco QQQ were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in QQQ. Consolidated Portfolio Review Corp increased its holdings in Invesco QQQ by 92.5% in the third quarter. Consolidated Portfolio Review Corp now owns 4,823 shares of the exchange traded fund’s stock valued at $2,354,000 after purchasing an additional 2,318 shares during the last quarter. PFG Investments LLC boosted its holdings in Invesco QQQ by 9.5% during the third quarter. PFG Investments LLC now owns 35,499 shares of the exchange traded fund’s stock worth $17,326,000 after buying an additional 3,072 shares during the last quarter. Viewpoint Capital Management LLC grew its position in shares of Invesco QQQ by 21.8% during the 3rd quarter. Viewpoint Capital Management LLC now owns 2,528 shares of the exchange traded fund’s stock worth $1,231,000 after buying an additional 453 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of Invesco QQQ by 80.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,738 shares of the exchange traded fund’s stock valued at $3,776,000 after acquiring an additional 3,440 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of Invesco QQQ by 16.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 49,052 shares of the exchange traded fund’s stock valued at $23,941,000 after acquiring an additional 7,069 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $495.32 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The firm has a 50 day moving average price of $480.51 and a 200 day moving average price of $466.85.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.