Migdal Insurance & Financial Holdings Ltd. Acquires 1,066 Shares of Invesco QQQ $QQQ

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,113 shares of the exchange traded fund’s stock after acquiring an additional 1,066 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco QQQ were worth $20,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Sovran Advisors LLC grew its stake in Invesco QQQ by 8.0% during the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after buying an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC grew its stake in Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after buying an additional 1,436 shares during the last quarter. Great Point Wealth Advisors LLC bought a new stake in Invesco QQQ during the third quarter worth about $507,000. Strengthening Families & Communities LLC bought a new stake in Invesco QQQ during the third quarter worth about $10,771,000. Finally, Cane Capital Partners LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $715,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $655.11 on Thursday. Invesco QQQ has a one year low of $452.88 and a one year high of $655.33. The company’s 50 day simple moving average is $603.84 and its 200-day simple moving average is $611.68.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

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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