Psagot Value Holdings Ltd. Israel Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Psagot Value Holdings Ltd. Israel increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,693 shares of the exchange traded fund's stock after buying an additional 8,068 shares during the quarter. Invesco QQQ accounts for about 5.1% of Psagot Value Holdings Ltd. Israel's portfolio, making the stock its biggest holding. Psagot Value Holdings Ltd. Israel's holdings in Invesco QQQ were worth $11,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund's stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund's stock worth $1,623,380,000 after purchasing an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund's stock valued at $1,530,696,000 after buying an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund's stock valued at $1,013,490,000 after buying an additional 162,691 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Invesco QQQ by 2.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund's stock worth $663,516,000 after purchasing an additional 43,000 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $1.04 during mid-day trading on Friday, reaching $442.06. The company's stock had a trading volume of 27,116,566 shares, compared to its average volume of 45,250,624. Invesco QQQ has a 1-year low of $322.94 and a 1-year high of $449.34. The business has a 50-day simple moving average of $436.73 and a two-hundred day simple moving average of $415.36.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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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