Harel Insurance Investments & Financial Services Ltd. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,841 shares of the exchange traded fund's stock after selling 773 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Invesco QQQ were worth $31,373,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wilkins Miller Wealth Management LLC purchased a new stake in Invesco QQQ during the fourth quarter worth about $1,018,000. Grant Private Wealth Management Inc purchased a new position in Invesco QQQ in the fourth quarter valued at about $815,000. Tandem Investment Partners LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $4,623,000. Gemsstock Ltd. grew its position in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after acquiring an additional 213,400 shares during the period. Finally, Wescott Financial Advisory Group LLC increased its stake in shares of Invesco QQQ by 1.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock worth $75,071,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.9%
Shares of NASDAQ:QQQ traded up $5.08 during mid-day trading on Friday, reaching $555.88. The company had a trading volume of 26,443,524 shares, compared to its average volume of 39,231,028. Invesco QQQ has a one year low of $402.39 and a one year high of $557.20. The company's 50-day moving average price is $517.86 and its 200-day moving average price is $504.61.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ Company Profile
(
Free Report)
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.
Further Reading
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
