Migdal Insurance & Financial Holdings Ltd. Has $16.35 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Migdal Insurance & Financial Holdings Ltd. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,867 shares of the exchange traded fund's stock after selling 484 shares during the period. Migdal Insurance & Financial Holdings Ltd.'s holdings in Invesco QQQ were worth $16,350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. NWI Management LP boosted its position in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Senator Investment Group LP acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $679,936,000. Spear Holdings RSC Ltd acquired a new position in shares of Invesco QQQ during the first quarter worth approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV lifted its holdings in shares of Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $0.54 during trading hours on Friday, reaching $561.26. The stock had a trading volume of 50,428,921 shares, compared to its average volume of 39,504,546. The business's fifty day moving average is $534.38 and its two-hundred day moving average is $507.18. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $564.73.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 0.42%. 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.