Invesco QQQ (NASDAQ:QQQ) is Meitav Investment House Ltd.’s 4th Largest Position

Meitav Investment House Ltd. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 623,156 shares of the exchange traded fund’s stock after selling 70,433 shares during the quarter. Invesco QQQ comprises 5.1% of Meitav Investment House Ltd.’s holdings, making the stock its 4th largest position. Meitav Investment House Ltd.’s holdings in Invesco QQQ were worth $304,137,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of QQQ. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the second quarter valued at approximately $30,000. Chelsea Counsel Co. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $40,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.2 %

Shares of NASDAQ:QQQ opened at $490.57 on Thursday. The business’s 50 day moving average price is $481.47 and its 200-day moving average price is $468.04. Invesco QQQ has a 1 year low of $346.62 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.