Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Yahav Achim Ve Achayot Provident Funds Management Co Ltd. significantly reduced its holdings in Invesco QQQ by 55.6% during the first quarter, owning 1,551 shares after selling 1,940 shares.
• As of the end of the most recent quarter, Invesco QQQ represented 3.0% of Yahav Achim Ve Achayot's portfolio, with holdings valued at approximately $728,000.
• Invesco QQQ's stock is currently priced at $569.24, with a fifty-two week trading range between $402.39 and $574.63.

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,551 shares of the exchange traded fund's stock after selling 1,940 shares during the period. Invesco QQQ comprises 3.0% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s portfolio, making the stock its 15th largest position. Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s holdings in Invesco QQQ were worth $728,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter worth about $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ in the fourth quarter worth about $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.3%

Invesco QQQ stock opened at $569.24 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $574.63. The stock's 50 day simple moving average is $547.85 and its two-hundred day simple moving average is $512.02.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.

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