Invesco QQQ $QQQ is Bank Hapoalim BM’s 2nd Largest Position

Bank Hapoalim BM lessened its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 2nd quarter, Holdings Channel reports. The fund owned 84,652 shares of the exchange traded fund’s stock after selling 1,659 shares during the period. Invesco QQQ makes up approximately 6.0% of Bank Hapoalim BM’s investment portfolio, making the stock its 2nd biggest holding. Bank Hapoalim BM’s holdings in Invesco QQQ were worth $45,124,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Compass Financial Services Inc increased its stake in shares of Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after acquiring an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. increased its stake in shares of Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 20 shares during the last quarter. Barrett & Company Inc. increased its stake in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 20 shares during the last quarter. MTM Investment Management LLC increased its stake in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 21 shares during the last quarter. Finally, Cutler Investment Counsel LLC increased its stake in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after acquiring an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4%

NASDAQ QQQ opened at $603.18 on Friday. The firm’s fifty day simple moving average is $579.85 and its 200-day simple moving average is $532.17. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $607.33.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.