Phoenix Financial Ltd. Increases Holdings in Invesco QQQ $QQQ

Phoenix Financial Ltd. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,399 shares of the exchange traded fund’s stock after purchasing an additional 2,440 shares during the period. Invesco QQQ comprises approximately 1.2% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 24th largest holding. Phoenix Financial Ltd.’s holdings in Invesco QQQ were worth $90,361,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. grew its position in shares of Invesco QQQ by 100.0% in the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock valued at $1,167,000 after purchasing an additional 40,999,982 shares in the last quarter. Symphony Financial Ltd. Co. bought a new position in Invesco QQQ in the 2nd quarter worth about $1,236,482,000. HRT Financial LP boosted its stake in Invesco QQQ by 118.3% in the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the period. JPMorgan Chase & Co. grew its holdings in Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Finally, Kensington Asset Management LLC increased its position in shares of Invesco QQQ by 2,124.5% during the second quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock valued at $202,386,000 after buying an additional 350,388 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $625.46 on Tuesday. The company’s 50-day moving average price is $616.95 and its 200-day moving average price is $598.80. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This represents a $3.18 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69.

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.