Invesco QQQ Trust (NASDAQ:QQQ) Position Increased by Benin Management CORP

Benin Management CORP raised its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 63.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,929 shares of the exchange traded fund’s stock after buying an additional 6,965 shares during the quarter. Invesco QQQ Trust accounts for 1.6% of Benin Management CORP’s portfolio, making the stock its 15th largest position. Benin Management CORP’s holdings in Invesco QQQ Trust were worth $3,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Sigma Investment Counselors Inc. increased its holdings in shares of Invesco QQQ Trust by 1.1% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 5,047 shares of the exchange traded fund’s stock valued at $953,000 after purchasing an additional 54 shares during the period. Private Asset Management Inc. increased its holdings in shares of Invesco QQQ Trust by 1.4% in the 4th quarter. Private Asset Management Inc. now owns 4,028 shares of the exchange traded fund’s stock valued at $856,000 after purchasing an additional 55 shares during the period. Gradient Investments LLC increased its holdings in shares of Invesco QQQ Trust by 8.3% in the 3rd quarter. Gradient Investments LLC now owns 757 shares of the exchange traded fund’s stock valued at $143,000 after purchasing an additional 58 shares during the period. Wetherby Asset Management Inc. increased its holdings in shares of Invesco QQQ Trust by 2.5% in the 3rd quarter. Wetherby Asset Management Inc. now owns 2,424 shares of the exchange traded fund’s stock valued at $458,000 after purchasing an additional 59 shares during the period. Finally, First Command Financial Services Inc. increased its holdings in shares of Invesco QQQ Trust by 2.4% in the 3rd quarter. First Command Financial Services Inc. now owns 2,575 shares of the exchange traded fund’s stock valued at $486,000 after purchasing an additional 60 shares during the period. 39.49% of the stock is owned by institutional investors.

Shares of QQQ opened at $224.59 on Friday. The business’s 50-day moving average is $213.81 and its 200-day moving average is $197.94. Invesco QQQ Trust has a fifty-two week low of $160.99 and a fifty-two week high of $225.15.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were issued a $0.4577 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.83 dividend on an annualized basis and a yield of 0.82%. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.42.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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