Invesco QQQ (NASDAQ:QQQ) is Bank Hapoalim BM’s Largest Position

Bank Hapoalim BM trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 26.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,805 shares of the exchange traded fund’s stock after selling 32,592 shares during the period. Invesco QQQ makes up approximately 7.3% of Bank Hapoalim BM’s holdings, making the stock its biggest holding. Bank Hapoalim BM’s holdings in Invesco QQQ were worth $45,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. RFG Holdings Inc. raised its position in shares of Invesco QQQ by 0.5% in the 4th quarter. RFG Holdings Inc. now owns 81,730 shares of the exchange traded fund’s stock valued at $41,797,000 after purchasing an additional 387 shares during the last quarter. Greenwood Capital Associates LLC lifted its stake in shares of Invesco QQQ by 93.2% during the fourth quarter. Greenwood Capital Associates LLC now owns 8,708 shares of the exchange traded fund’s stock worth $4,452,000 after buying an additional 4,201 shares during the period. Stephens Consulting LLC lifted its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after buying an additional 19 shares during the period. Welch Group LLC grew its holdings in shares of Invesco QQQ by 2.7% during the fourth quarter. Welch Group LLC now owns 3,744 shares of the exchange traded fund’s stock valued at $1,930,000 after buying an additional 98 shares during the last quarter. Finally, Commonwealth Financial Services LLC increased its position in shares of Invesco QQQ by 1.1% in the 4th quarter. Commonwealth Financial Services LLC now owns 53,800 shares of the exchange traded fund’s stock valued at $27,504,000 after acquiring an additional 591 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.2 %

Shares of QQQ opened at $524.47 on Wednesday. The stock has a 50-day moving average of $519.78 and a two-hundred day moving average of $494.47. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

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