Bensler LLC Has $13.50 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Bensler LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 28,799 shares of the exchange traded fund's stock after acquiring an additional 1,781 shares during the period. Invesco QQQ comprises about 1.7% of Bensler LLC's portfolio, making the stock its 19th largest holding. Bensler LLC's holdings in Invesco QQQ were worth $13,504,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. NWI Management LP raised its stake in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its stake in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new stake in Invesco QQQ during the 4th quarter valued at $679,936,000. Finally, Artemis Wealth Advisors LLC raised its stake in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after purchasing an additional 895,277 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 1.3%

NASDAQ:QQQ traded down $6.70 during trading hours on Friday, hitting $526.96. 55,743,632 shares of the stock traded hands, compared to its average volume of 38,369,787. The firm has a 50 day moving average price of $490.36 and a 200 day moving average price of $502.64. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a market cap of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.