Bennett Selby Investments LP Has $544,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Bennett Selby Investments LP raised its stake in Invesco QQQ (NASDAQ:QQQ) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,114 shares of the exchange traded fund’s stock after purchasing an additional 102 shares during the quarter. Bennett Selby Investments LP’s holdings in Invesco QQQ were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $29,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter worth $30,000. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the fourth quarter worth $35,000. Finally, Chelsea Counsel Co. bought a new position in Invesco QQQ in the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

QQQ opened at $493.36 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company’s 50-day moving average price is $472.55 and its two-hundred day moving average price is $463.13.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.