Bessemer Group Inc. Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Bessemer Group Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,063 shares of the exchange traded fund’s stock after buying an additional 1,277 shares during the period. Bessemer Group Inc.’s holdings in Invesco QQQ were worth $29,172,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its stake in Invesco QQQ by 51,292.3% in the fourth 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 acquiring an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Invesco QQQ by 0.9% during 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 last quarter. Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its position in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after purchasing an additional 13,772 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $446.18 on Friday. The company has a market capitalization of $282.79 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The business has a 50 day moving average of $491.73 and a 200 day moving average of $502.66. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is 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.