Yelin Lapidot Holdings Management Ltd. Has $2.22 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Yelin Lapidot Holdings Management Ltd. cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,738 shares of the exchange traded fund's stock after selling 2,270 shares during the quarter. Yelin Lapidot Holdings Management Ltd.'s holdings in Invesco QQQ were worth $2,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Naviter Wealth LLC raised its position in shares of Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after purchasing an additional 107 shares during the period. Eagle Capital Management LLC lifted its stake in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after buying an additional 185 shares in the last quarter. Brighton Jones LLC lifted its stake in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Invesco QQQ by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 92,759 shares of the exchange traded fund's stock worth $47,421,000 after acquiring an additional 7,295 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7%

Shares of QQQ stock traded up $3.81 during trading hours on Wednesday, reaching $550.80. 36,407,364 shares of the stock traded hands, compared to its average volume of 39,147,923. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $552.80. The business has a fifty day moving average price of $514.18 and a 200 day moving average price of $504.17.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. 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.