Phoenix Financial Ltd. Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

Phoenix Financial Ltd. raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 55.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,760 shares of the exchange traded fund's stock after purchasing an additional 35,912 shares during the period. Phoenix Financial Ltd.'s holdings in Invesco QQQ were worth $51,894,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. increased its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after purchasing an additional 46 shares during the last quarter. Wilson & Boucher Capital Management LLC boosted its stake in Invesco QQQ by 14.4% in the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 1,848 shares of the exchange traded fund's stock worth $902,000 after purchasing an additional 232 shares during the period. Toronto Dominion Bank grew its position in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. TD Private Client Wealth LLC raised its position in Invesco QQQ by 4.6% during the third quarter. TD Private Client Wealth LLC now owns 87,295 shares of the exchange traded fund's stock valued at $42,606,000 after purchasing an additional 3,839 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Invesco QQQ by 6.1% in the third quarter. Rehmann Capital Advisory Group now owns 23,616 shares of the exchange traded fund's stock worth $11,527,000 after buying an additional 1,365 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

Invesco QQQ stock traded up $1.05 during trading hours on Monday, hitting $455.45. 21,403,170 shares of the stock traded hands, compared to its average volume of 36,738,718. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market cap of $284.61 billion, a PE ratio of 30.05 and a beta of 1.11. The firm's 50-day moving average price is $490.33 and its two-hundred day moving average price is $502.54.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.