Meitav Investment House Ltd. boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 469,241 shares of the exchange traded fund's stock after acquiring an additional 10,971 shares during the period. Invesco QQQ accounts for approximately 3.9% of Meitav Investment House Ltd.'s portfolio, making the stock its 4th largest holding. Meitav Investment House Ltd. owned approximately 0.07% of Invesco QQQ worth $258,831,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in QQQ. Compass Financial Services Inc raised its position in shares of Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after purchasing an additional 19 shares during the period. Vermillion Wealth Management Inc. grew its stake in Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock valued at $271,000 after buying an additional 20 shares in the last quarter. Barrett & Company Inc. raised its holdings in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock valued at $85,000 after acquiring an additional 20 shares during the period. MTM Investment Management LLC lifted its position in shares of Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after acquiring an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC lifted its position in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after acquiring an additional 21 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trading Down 0.5%
Shares of NASDAQ QQQ opened at $604.51 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $609.71. The stock has a fifty day moving average of $581.39 and a 200-day moving average of $533.92.
Invesco QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.
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.
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