Phoenix Holdings Ltd. Lowers Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

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Phoenix Holdings Ltd. cut its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 76.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,122 shares of the exchange traded fund’s stock after selling 69,405 shares during the period. Phoenix Holdings Ltd.’s holdings in Invesco QQQ Trust were worth $4,976,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sepio Capital LLC lifted its holdings in Invesco QQQ Trust by 15.2% during the first quarter. Sepio Capital LLC now owns 8,983 shares of the exchange traded fund’s stock valued at $1,710,000 after purchasing an additional 1,184 shares in the last quarter. Country Club Trust Company n.a. raised its position in shares of Invesco QQQ Trust by 88.7% in the second quarter. Country Club Trust Company n.a. now owns 4,275 shares of the exchange traded fund’s stock valued at $1,038,000 after buying an additional 2,010 shares during the last quarter. ProVise Management Group LLC raised its position in shares of Invesco QQQ Trust by 3.4% in the second quarter. ProVise Management Group LLC now owns 3,386 shares of the exchange traded fund’s stock valued at $838,000 after buying an additional 111 shares during the last quarter. Madrona Financial Services LLC raised its position in shares of Invesco QQQ Trust by 2.3% in the first quarter. Madrona Financial Services LLC now owns 29,539 shares of the exchange traded fund’s stock valued at $5,624,000 after buying an additional 664 shares during the last quarter. Finally, First National Corp MA ADV raised its position in shares of Invesco QQQ Trust by 23.5% in the second quarter. First National Corp MA ADV now owns 7,864 shares of the exchange traded fund’s stock valued at $1,947,000 after buying an additional 1,494 shares during the last quarter. 42.71% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine cut shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd.

Invesco QQQ Trust stock traded up $3.45 during midday trading on Thursday, hitting $279.55. 2,042,597 shares of the stock were exchanged, compared to its average volume of 35,289,884. Invesco QQQ Trust has a fifty-two week low of $164.93 and a fifty-two week high of $279.02. The stock’s 50-day simple moving average is $262.92 and its 200 day simple moving average is $228.88.

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.424 per share. The ex-dividend date was Monday, June 22nd. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.39. This represents a $1.70 dividend on an annualized basis and a dividend yield of 0.61%.

About Invesco QQQ Trust

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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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