Benin Management CORP Has $14.10 Million Holdings in Invesco QQQ $QQQ

Benin Management CORP trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,561 shares of the exchange traded fund’s stock after selling 42 shares during the period. Invesco QQQ accounts for approximately 3.7% of Benin Management CORP’s holdings, making the stock its 5th largest position. Benin Management CORP’s holdings in Invesco QQQ were worth $14,100,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC grew its position in Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ in the first quarter worth approximately $2,775,904,000. Spear Holdings RSC Ltd bought a new stake in Invesco QQQ in the first quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP bought a new stake in Invesco QQQ in the first quarter worth approximately $463,293,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $611.38 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The firm has a 50 day moving average of $588.70 and a two-hundred day moving average of $543.16.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.