Y.D. More Investments Ltd Trims Holdings in Invesco QQQ $QQQ

Y.D. More Investments Ltd trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 20.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 102,920 shares of the exchange traded fund’s stock after selling 26,014 shares during the period. Invesco QQQ comprises approximately 3.0% of Y.D. More Investments Ltd’s holdings, making the stock its 9th largest position. Y.D. More Investments Ltd’s holdings in Invesco QQQ were worth $63,233,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. HRT Financial LP increased its position in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. SG Americas Securities LLC boosted its stake in Invesco QQQ by 120.2% during the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after buying an additional 1,270,102 shares during the period. Analyst IMS Investment Management Services Ltd. boosted its stake in Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after buying an additional 712,026 shares during the period. Japan Science & Technology Agency bought a new position in Invesco QQQ during the third quarter valued at $179,311,000. Finally, NorthRock Partners LLC increased its position in Invesco QQQ by 1,355.6% during the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock valued at $183,024,000 after acquiring an additional 283,909 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $588.50 on Tuesday. The company’s fifty day simple moving average is $601.34 and its 200-day simple moving average is $609.38. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

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.