Meitav Investment House Ltd. Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Meitav Investment House Ltd. decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 554,260 shares of the exchange traded fund's stock after selling 68,896 shares during the period. Invesco QQQ makes up about 4.8% of Meitav Investment House Ltd.'s portfolio, making the stock its 4th biggest position. Meitav Investment House Ltd. owned about 0.09% of Invesco QQQ worth $283,331,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% in 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 buying an additional 4,105,389 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after buying an additional 488,815 shares during the period. Cibc World Market Inc. raised its position in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock worth $350,764,000 after acquiring an additional 324,948 shares during the last quarter. Finally, Empirical Asset Management LLC lifted its stake in shares of Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund's stock worth $103,720,000 after acquiring an additional 201,597 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $11.14 on Friday, reaching $526.09. 41,497,109 shares of the stock traded hands, compared to its average volume of 30,288,176. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company's 50 day moving average is $523.48 and its 200-day moving average is $500.07.

Invesco QQQ Announces Dividend

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

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.