Ayalon Insurance Comp Ltd. Sells 4,133 Shares of Invesco QQQ (NASDAQ:QQQ)

Ayalon Insurance Comp Ltd. reduced its position in Invesco QQQ (NASDAQ:QQQ) by 38.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank Hapoalim BM lifted its position in shares of Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 1,033 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the period. GenWealth Group Inc. grew its holdings in Invesco QQQ by 5.8% during the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares in the last quarter. Finally, VitalStone Financial LLC raised its position in shares of Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after buying an additional 16,079 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $0.99 during midday trading on Wednesday, reaching $480.37. 22,611,676 shares of the company were exchanged, compared to its average volume of 41,237,059. The business’s fifty day moving average is $451.31 and its two-hundred day moving average is $435.05. Invesco QQQ has a one year low of $342.35 and a one year high of $486.86.

Invesco QQQ Increases Dividend

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

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.