Benson Investment Management Company Inc. Buys 24 Shares of Invesco QQQ (NASDAQ:QQQ)

Benson Investment Management Company Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,028 shares of the exchange traded fund’s stock after buying an additional 24 shares during the quarter. Benson Investment Management Company Inc.’s holdings in Invesco QQQ were worth $526,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares during the period. Socha Financial Group LLC grew its position in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new position in Invesco QQQ in the 4th quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its holdings in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $505.56 on Tuesday. The business has a 50-day moving average of $515.32 and a 200-day moving average of $491.29. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

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