Meitav Investment House Ltd. Has $278.36 Million Position in Invesco QQQ $QQQ

Meitav Investment House Ltd. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 463,682 shares of the exchange traded fund’s stock after selling 5,559 shares during the quarter. Invesco QQQ makes up 3.8% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 4th largest position. Meitav Investment House Ltd.’s holdings in Invesco QQQ were worth $278,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after acquiring an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco QQQ by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after acquiring an additional 22,220 shares during the period. HRT Financial LP increased its stake in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $1,236,482,000. Finally, Rockefeller Capital Management L.P. lifted its stake in Invesco QQQ by 6.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock valued at $611,049,000 after purchasing an additional 65,387 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $621.26 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The stock’s 50 day moving average price is $616.40 and its two-hundred day moving average price is $595.76.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. The ex-dividend date was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Headlines Impacting Invesco QQQ

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About Invesco QQQ

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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