Invesco QQQ (NASDAQ:QQQ) Shares Sold by Ayalon Insurance Comp Ltd.

Ayalon Insurance Comp Ltd. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 38.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,500 shares of the exchange traded fund’s stock after selling 4,133 shares during the quarter. Ayalon Insurance Comp Ltd.’s holdings in Invesco QQQ were worth $2,889,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its position in Invesco QQQ by 14.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,217 shares of the exchange traded fund’s stock valued at $794,000 after purchasing an additional 273 shares during the period. Natixis Advisors L.P. boosted its holdings in Invesco QQQ by 26.9% during the 3rd quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock valued at $5,775,000 after acquiring an additional 3,418 shares during the period. Parkside Financial Bank & Trust grew its position in Invesco QQQ by 10.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,343 shares of the exchange traded fund’s stock valued at $481,000 after acquiring an additional 124 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Invesco QQQ by 5.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 15,547 shares of the exchange traded fund’s stock worth $5,570,000 after purchasing an additional 786 shares during the period. Finally, O ROURKE & COMPANY Inc lifted its position in shares of Invesco QQQ by 8.1% during the third quarter. O ROURKE & COMPANY Inc now owns 972 shares of the exchange traded fund’s stock worth $348,000 after purchasing an additional 73 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

Shares of QQQ stock traded up $0.99 during trading on Wednesday, reaching $480.37. The company’s stock had a trading volume of 22,611,676 shares, compared to its average volume of 41,237,059. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $486.86. The stock’s 50-day moving average price is $451.31 and its 200 day moving average price is $435.05.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, June 24th.

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.