SAM Advisors LLC Has $17.57 Million Position in Invesco QQQ (NASDAQ:QQQ)

Key Points

• SAM Advisors LLC has decreased its position in Invesco QQQ by 1.7% to hold 37,471 shares, valued at approximately $17.57 million, making it the firm's third largest investment.
• Several large investors, such as Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD, have increased their holdings in Invesco QQQ, with Kranot acquiring an additional 6,699 shares for a total of $39.1 million in value.
• Invesco QQQ has declared a quarterly dividend of $0.5911 per share, which will be paid on July 31st, representing an annualized yield of 0.42%.

SAM Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 37,471 shares of the exchange traded fund's stock after selling 645 shares during the period. Invesco QQQ accounts for approximately 6.6% of SAM Advisors LLC's investment portfolio, making the stock its 3rd biggest position. SAM Advisors LLC's holdings in Invesco QQQ were worth $17,571,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its holdings in Invesco QQQ by 8.7% in the first quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 83,318 shares of the exchange traded fund's stock valued at $39,108,000 after purchasing an additional 6,699 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its holdings in Invesco QQQ by 8.3% in the first quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 259,123 shares of the exchange traded fund's stock valued at $121,628,000 after purchasing an additional 19,779 shares during the period. Fischer Financial Services Inc. increased its holdings in Invesco QQQ by 2.4% in the first quarter. Fischer Financial Services Inc. now owns 28,782 shares of the exchange traded fund's stock valued at $13,497,000 after purchasing an additional 668 shares during the period. Phoenix Financial Ltd. increased its holdings in Invesco QQQ by 35.9% in the first quarter. Phoenix Financial Ltd. now owns 136,961 shares of the exchange traded fund's stock valued at $64,284,000 after purchasing an additional 36,201 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in Invesco QQQ in the first quarter valued at $5,878,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $566.37 on Friday. The stock has a fifty day simple moving average of $539.14 and a 200 day simple moving average of $508.84. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $567.70.

Invesco QQQ Cuts Dividend

The firm 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. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%.

Invesco QQQ 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.