Ayalon Insurance Comp Ltd. Purchases 1,019 Shares of Invesco QQQ (NASDAQ:QQQ)

Ayalon Insurance Comp Ltd. increased its position in Invesco QQQ (NASDAQ:QQQ) by 15.7% in the 2nd quarter, Holdings Channel reports. The firm owned 7,519 shares of the exchange traded fund’s stock after buying an additional 1,019 shares during the quarter. Invesco QQQ comprises approximately 1.2% of Ayalon Insurance Comp Ltd.’s investment portfolio, making the stock its 27th biggest position. Ayalon Insurance Comp Ltd.’s holdings in Invesco QQQ were worth $3,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Prospect Financial Services LLC increased its stake in Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after acquiring an additional 21 shares during the last quarter. Sweeney & Michel LLC raised its holdings in shares of Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares in the last quarter. Summit X LLC raised its holdings in shares of Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its position in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares during the last quarter. Finally, Second Line Capital LLC grew its position in Invesco QQQ by 2.6% in the first quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock valued at $422,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.5 %

NASDAQ QQQ traded up $2.24 during trading on Wednesday, hitting $482.50. 25,411,801 shares of the company’s stock were exchanged, compared to its average volume of 40,755,074. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The stock’s 50 day moving average price is $475.10 and its two-hundred day moving average price is $452.93.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.63%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

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.