Migdal Insurance & Financial Holdings Ltd. Sells 1,727 Shares of Invesco QQQ (NASDAQ:QQQ)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,351 shares of the exchange traded fund’s stock after selling 1,727 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco QQQ were worth $18,086,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. O Connor Financial Group LLC raised its position in shares of Invesco QQQ by 6.2% during the 3rd quarter. O Connor Financial Group LLC now owns 17,065 shares of the exchange traded fund’s stock valued at $8,329,000 after acquiring an additional 1,000 shares during the last quarter. Marcum Wealth LLC raised its position in shares of Invesco QQQ by 1.7% during the 3rd quarter. Marcum Wealth LLC now owns 18,961 shares of the exchange traded fund’s stock valued at $9,254,000 after acquiring an additional 308 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Invesco QQQ by 0.7% in the 3rd quarter. Wedmont Private Capital now owns 18,848 shares of the exchange traded fund’s stock valued at $9,087,000 after buying an additional 140 shares during the period. Sanibel Captiva Trust Company Inc. grew its holdings in shares of Invesco QQQ by 11.2% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock valued at $2,676,000 after buying an additional 553 shares during the period. Finally, Patten Group Inc. grew its holdings in shares of Invesco QQQ by 3.3% in the 3rd quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock valued at $751,000 after buying an additional 49 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $529.60 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The firm has a fifty day moving average of $520.51 and a 200-day moving average of $495.05.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.