Bensler LLC Trims Position in Invesco QQQ $QQQ

Bensler LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,663 shares of the exchange traded fund’s stock after selling 136 shares during the quarter. Invesco QQQ makes up 1.8% of Bensler LLC’s portfolio, making the stock its 16th biggest holding. Bensler LLC’s holdings in Invesco QQQ were worth $15,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC bought a new stake in Invesco QQQ during the second quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the second quarter worth approximately $41,000. Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $609.74 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business has a fifty day moving average price of $601.34 and a 200-day moving average price of $559.22.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.