Invesco QQQ $QQQ is Y.D. More Investments Ltd's 9th Largest Position

Key Points

• Y.D. More Investments trimmed its Invesco QQQ stake by 20.2% in Q4 to 102,920 shares, which represent 3.0% of its portfolio and the fund's 9th largest holding, valued at about $63.23 million.
• Other institutions materially increased positions—HRT Financial added 1.7M shares (+118.3%) and IMS Investment rose 712k shares (+68.6%)—and institutional investors now own about 44.58% of QQQ.
• QQQ was trading around $588.50 (1‑year range $402.39–$637.01) and recently paid a quarterly dividend of $0.7328 per share (annualized $2.93), implying a ~0.5% yield.

Y.D. More Investments Ltd reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,920 shares of the exchange traded fund's stock after selling 26,014 shares during the period. Invesco QQQ makes up 3.0% of Y.D. More Investments Ltd's portfolio, making the stock its 9th largest holding. Y.D. More Investments Ltd's holdings in Invesco QQQ were worth $63,233,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. HRT Financial LP lifted its position in shares of Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund's stock worth $1,735,226,000 after buying an additional 1,704,600 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Invesco QQQ by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund's stock valued at $1,843,749,000 after buying an additional 8,038 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund's stock worth $1,792,901,000 after acquiring an additional 64,025 shares during the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake in Invesco QQQ by 68.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund's stock worth $1,075,091,000 after acquiring an additional 712,026 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund's stock worth $827,346,000 after acquiring an additional 7,378 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.6%

NASDAQ QQQ opened at $588.50 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The stock has a 50 day moving average price of $601.34 and a 200-day moving average price of $609.38.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

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.

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