Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Has $121.63 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its stake in Invesco QQQ by 8.3%, acquiring a total of 259,123 shares valued at approximately $121.6 million.
• Other large institutional investors, including Ameriprise Financial and Price T Rowe Associates, also significantly boosted their holdings in Invesco QQQ during the fourth quarter.
• Invesco QQQ has a current share price of $566.37, with its annual dividend set at $2.36, providing a yield of 0.42%.

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,123 shares of the exchange traded fund's stock after purchasing an additional 19,779 shares during the period. Invesco QQQ accounts for about 10.0% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's holdings, making the stock its 2nd biggest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's holdings in Invesco QQQ were worth $121,628,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wilkins Miller Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter worth about $1,018,000. Grant Private Wealth Management Inc purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $815,000. Gemsstock Ltd. increased its stake in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares in the last quarter. Tandem Investment Partners LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $4,623,000. Finally, Wescott Financial Advisory Group LLC increased its stake in shares of Invesco QQQ by 1.8% in the fourth 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 in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ traded down $0.40 during trading hours on Tuesday, hitting $567.74. The company's stock had a trading volume of 21,595,841 shares, compared to its average volume of 44,487,148. The business has a 50 day simple moving average of $540.06 and a two-hundred day simple moving average of $509.18. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $572.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.

About Invesco QQQ

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.