Invesco QQQ (NASDAQ:QQQ) Position Cut by Bank Hapoalim BM

Bank Hapoalim BM cut its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,311 shares of the exchange traded fund's stock after selling 2,494 shares during the quarter. Invesco QQQ makes up about 5.9% of Bank Hapoalim BM's investment portfolio, making the stock its 2nd largest position. Bank Hapoalim BM's holdings in Invesco QQQ were worth $40,473,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ during the first quarter valued at $51,000. Finally, Banque Transatlantique SA purchased a new position in Invesco QQQ during the fourth quarter valued at $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.3%

NASDAQ:QQQ traded up $1.49 during trading hours on Wednesday, reaching $553.83. 14,209,302 shares of the company traded hands, compared to its average volume of 39,265,955. The business's 50-day moving average price is $522.66 and its two-hundred day moving average price is $505.17. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.57.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.