Harbour Trust & Investment Management Co Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Harbour Trust & Investment Management Co raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 187.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 13,279 shares of the exchange traded fund’s stock after buying an additional 8,657 shares during the period. Harbour Trust & Investment Management Co’s holdings in Invesco QQQ were worth $6,481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Transform Wealth LLC purchased a new position in Invesco QQQ during the first quarter worth approximately $456,000. Register Financial Advisors LLC raised its position in Invesco QQQ by 4.1% during the first quarter. Register Financial Advisors LLC now owns 835 shares of the exchange traded fund’s stock worth $371,000 after acquiring an additional 33 shares during the period. Ameliora Wealth Management Ltd. lifted its holdings in Invesco QQQ by 15.9% during the first quarter. Ameliora Wealth Management Ltd. now owns 7,290 shares of the exchange traded fund’s stock valued at $3,237,000 after purchasing an additional 1,000 shares in the last quarter. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $293,000. Finally, Silverleafe Capital Partners LLC increased its stake in shares of Invesco QQQ by 0.5% during the first quarter. Silverleafe Capital Partners LLC now owns 40,634 shares of the exchange traded fund’s stock worth $18,042,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.8 %

Shares of Invesco QQQ stock opened at $492.32 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The firm’s 50-day moving average price is $479.75 and its 200 day moving average price is $466.12.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, September 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.