Beam Wealth Advisors Inc. Purchases Shares of 10,871 Invesco QQQ (NASDAQ:QQQ)

Beam Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,871 shares of the exchange traded fund’s stock, valued at approximately $5,558,000. Invesco QQQ accounts for 1.8% of Beam Wealth Advisors Inc.’s holdings, making the stock its 13th largest position.

Several other institutional investors have also added to or reduced their stakes in QQQ. Berkshire Asset Management LLC PA purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $978,000. Haven Private LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $4,763,000. Acas LLC boosted its holdings in shares of Invesco QQQ by 1.7% during the fourth quarter. Acas LLC now owns 3,252 shares of the exchange traded fund’s stock worth $1,713,000 after purchasing an additional 53 shares during the period. Novus Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $1,212,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 2.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,109 shares of the exchange traded fund’s stock worth $3,634,000 after purchasing an additional 137 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.8 %

Invesco QQQ stock opened at $488.20 on Friday. The firm has a 50-day moving average of $519.46 and a 200-day moving average of $503.75. The firm has a market cap of $307.69 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ 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.