Bank Hapoalim BM Has $76.22 Million Stock Holdings in Invesco QQQ $QQQ

Bank Hapoalim BM reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 124,072 shares of the exchange traded fund’s stock after selling 1,836 shares during the quarter. Invesco QQQ comprises 6.6% of Bank Hapoalim BM’s holdings, making the stock its 3rd biggest holding. Bank Hapoalim BM’s holdings in Invesco QQQ were worth $76,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Brighton Jones LLC increased its position in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Jupiter Wealth Management LLC bought a new position in Invesco QQQ in the second quarter valued at approximately $290,000. Wealth Group Ltd. increased its position in shares of Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after purchasing an additional 30,206 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Major U.S. equity indexes, including the Nasdaq 100, were higher earlier in the session, suggesting some support for QQQ from the broader market rebound. Article Title
• Positive Sentiment: Cheaper oil after the Iran deal could help reduce inflation pressure and improve sentiment for rate-sensitive growth stocks held in QQQ. Article Title
• Neutral Sentiment: Articles comparing QQQ with other ETFs, including quantum-computing and AI-focused funds, highlight investor interest in tech exposure but do not point to a direct catalyst for the ETF itself. Article Title
• Neutral Sentiment: Commentary on QQQ’s AI exposure and recent relative performance versus specialized AI ETFs may keep attention on the fund, but it is mostly a valuation discussion rather than a new fundamental driver. Article Title
• Negative Sentiment: Several market commentary pieces point to the Nasdaq and broader indices taking a breather after the prior rally, which can weigh on QQQ in the near term. Article Title
• Negative Sentiment: Concerns about inflation, Fed policy, housing weakness, and potential market “trap” risks add caution for investors in growth-heavy Nasdaq holdings like QQQ. Article Title

Invesco QQQ Trading Down 1.9%

Shares of Invesco QQQ stock opened at $729.86 on Wednesday. Invesco QQQ has a 12-month low of $523.65 and a 12-month high of $748.65. The business’s 50 day moving average is $686.99 and its 200-day moving average is $637.15.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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.