Migdal Insurance & Financial Holdings Ltd. Has $13.21 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Migdal Insurance & Financial Holdings Ltd. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 625.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,252 shares of the exchange traded fund’s stock after purchasing an additional 27,806 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco QQQ were worth $13,211,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Friedenthal Financial acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $42,000. Core Wealth Advisors Inc. increased its holdings in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Russell Investments Group Ltd. acquired a new position in Invesco QQQ in the second quarter worth approximately $44,000. Finally, Blume Capital Management Inc. increased its holdings in Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.9 %

NASDAQ:QQQ traded down $4.03 during mid-day trading on Wednesday, reaching $427.07. The stock had a trading volume of 35,632,147 shares, compared to its average volume of 45,306,352. The business’s 50 day moving average is $438.36 and its 200 day moving average is $407.27. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

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.