Harel Insurance Investments & Financial Services Ltd. Sells 11,134 Shares of Invesco QQQ (NASDAQ:QQQ)

Harel Insurance Investments & Financial Services Ltd. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,629 shares of the exchange traded fund's stock after selling 11,134 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Invesco QQQ were worth $16,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. IMA Wealth Inc. raised its stake in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund's stock valued at $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC raised its holdings in shares of Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund's stock valued at $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund's stock valued at $2,296,000 after acquiring an additional 25 shares in the last quarter. Cedrus LLC raised its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund's stock valued at $596,000 after acquiring an additional 25 shares in the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in shares of Invesco QQQ by 2.8% in the 4th quarter. Hartford Financial Management Inc. now owns 960 shares of the exchange traded fund's stock valued at $393,000 after acquiring an additional 26 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded down $7.10 on Friday, hitting $438.27. The company's stock had a trading volume of 53,664,995 shares, compared to its average volume of 41,218,740. The company has a 50-day simple moving average of $438.24 and a 200 day simple moving average of $406.24. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

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.