Migdal Insurance & Financial Holdings Ltd. Acquires 555 Shares of Invesco QQQ (NASDAQ:QQQ)

Migdal Insurance & Financial Holdings Ltd. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,078 shares of the exchange traded fund’s stock after purchasing an additional 555 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco QQQ were worth $18,092,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ during the first quarter valued at $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the first quarter worth approximately $40,000. CGC Financial Services LLC raised its holdings in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, PFG Private Wealth Management LLC increased its holdings in shares of Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 103 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded up $0.60 during trading on Friday, hitting $514.14. The stock had a trading volume of 22,924,483 shares, compared to its average volume of 38,420,211. Invesco QQQ has a twelve month low of $369.57 and a twelve month high of $514.92. The company’s 50-day moving average price is $484.62 and its 200 day moving average price is $471.30.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

Invesco QQQ 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.