Bank Hapoalim BM Has $59.25 Million Position in Invesco QQQ (NASDAQ:QQQ)

Bank Hapoalim BM grew its position in Invesco QQQ (NASDAQ:QQQ) by 5.5% during the third quarter, HoldingsChannel reports. The firm owned 121,397 shares of the exchange traded fund’s stock after buying an additional 6,347 shares during the period. Invesco QQQ comprises approximately 9.0% of Bank Hapoalim BM’s portfolio, making the stock its largest holding. Bank Hapoalim BM’s holdings in Invesco QQQ were worth $59,250,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $39,478,000. WFA Asset Management Corp grew its holdings in Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 1,894 shares during the period. Mainsail Financial Group LLC increased its stake in Invesco QQQ by 3.2% in the first quarter. Mainsail Financial Group LLC now owns 4,983 shares of the exchange traded fund’s stock valued at $2,213,000 after purchasing an additional 156 shares in the last quarter. Massachusetts Wealth Management raised its holdings in shares of Invesco QQQ by 1.5% during the first quarter. Massachusetts Wealth Management now owns 4,314 shares of the exchange traded fund’s stock valued at $1,915,000 after purchasing an additional 65 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in shares of Invesco QQQ by 4.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 36,468 shares of the exchange traded fund’s stock worth $16,192,000 after purchasing an additional 1,444 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $490.57 on Thursday. Invesco QQQ has a one year low of $346.62 and a one year high of $503.52. The stock has a 50-day moving average of $481.47 and a 200-day moving average of $468.04.

Invesco QQQ Cuts Dividend

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

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.