Clal Insurance Enterprises Holdings Ltd Takes $552,000 Position in Invesco QQQ $QQQ

Clal Insurance Enterprises Holdings Ltd purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the exchange traded fund’s stock, valued at approximately $552,000.

Several other large investors also recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ during the second quarter worth $41,000. Blume Capital Management Inc. boosted its stake in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the period. Moser Wealth Advisors LLC increased its position in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% in the first 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 period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 1.2%

QQQ stock opened at $596.31 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company has a 50-day moving average price of $606.67 and a 200 day moving average price of $567.44.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.