Harel Insurance Investments & Financial Services Ltd. Increases Holdings in Invesco QQQ $QQQ

Harel Insurance Investments & Financial Services Ltd. increased its position in Invesco QQQ (NASDAQ:QQQFree Report) by 9.5% during the 1st quarter, Holdings Channel reports. The firm owned 75,513 shares of the exchange traded fund’s stock after acquiring an additional 6,566 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Invesco QQQ were worth $43,576,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QQQ. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ in the 4th quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares during the period. Shcp LLC bought a new stake in shares of Invesco QQQ in the third quarter valued at about $27,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $29,000. Finally, Islay Capital Management LLC purchased a new stake in Invesco QQQ in the fourth quarter worth about $32,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Up 1.1%

NASDAQ:QQQ opened at $719.71 on Wednesday. Invesco QQQ has a 1-year low of $551.56 and a 1-year high of $748.65. The company has a 50-day moving average of $720.06 and a 200 day moving average of $651.59.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ Profile

(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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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