Invesco QQQ $QQQ Position Increased by Meitav Investment House Ltd.

Meitav Investment House Ltd. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% in the second quarter, HoldingsChannel.com reports. The fund owned 469,241 shares of the exchange traded fund’s stock after acquiring an additional 10,971 shares during the quarter. Invesco QQQ accounts for approximately 3.9% of Meitav Investment House Ltd.’s portfolio, making the stock its 4th largest position. Meitav Investment House Ltd.’s holdings in Invesco QQQ were worth $258,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the 2nd quarter worth $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the first quarter worth about $51,000. Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.5%

Shares of NASDAQ QQQ opened at $604.51 on Wednesday. The firm’s fifty day moving average is $581.39 and its 200 day moving average is $533.92. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $609.71.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ Company 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.