Invesco QQQ (NASDAQ:QQQ) is Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s Largest Position

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 23.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 76,619 shares of the exchange traded fund’s stock after selling 23,257 shares during the period. Invesco QQQ comprises approximately 9.4% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings, making the stock its biggest position. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in Invesco QQQ were worth $39,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of QQQ. Proficio Capital Partners LLC grew its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC grew its position in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after acquiring an additional 895,277 shares during the period. Toronto Dominion Bank grew its position in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares during the period. Finally, Cibc World Market Inc. grew its position in shares of Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after acquiring an additional 324,948 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2 %

NASDAQ:QQQ opened at $471.60 on Wednesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The stock has a market capitalization of $297.23 billion, a PE ratio of 33.43 and a beta of 1.11. The stock’s 50-day moving average price is $517.19 and its 200-day moving average price is $504.07.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given 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.