Bensler LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Bensler LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,750 shares of the exchange traded fund’s stock after buying an additional 1,077 shares during the period. Invesco QQQ comprises approximately 1.6% of Bensler LLC’s investment portfolio, making the stock its 21st biggest holding. Bensler LLC’s holdings in Invesco QQQ were worth $11,858,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter worth about $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the 1st quarter worth $29,000. Legacy Bridge LLC lifted its position in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares during the period. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at about $35,000. Finally, Robinson Capital Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $40,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.3 %

NASDAQ:QQQ traded up $1.42 during trading hours on Tuesday, reaching $476.76. The company had a trading volume of 27,278,434 shares, compared to its average volume of 40,546,648. The business’s 50 day moving average price is $474.89 and its 200-day moving average price is $454.07. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%.

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.