Invesco QQQ (NASDAQ:QQQ) is Little Harbor Advisors LLC’s 2nd Largest Position

Little Harbor Advisors LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,787 shares of the exchange traded fund’s stock after acquiring an additional 1,316 shares during the period. Invesco QQQ accounts for about 5.7% of Little Harbor Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Little Harbor Advisors LLC’s holdings in Invesco QQQ were worth $9,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Invesco QQQ by 5.0% during the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock worth $7,779,000 after buying an additional 832 shares during the period. Lantz Financial LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $214,000. Naples Global Advisors LLC increased its position in shares of Invesco QQQ by 3.0% in the second quarter. Naples Global Advisors LLC now owns 3,153 shares of the exchange traded fund’s stock valued at $1,513,000 after buying an additional 92 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Invesco QQQ by 5.7% during the 2nd quarter. Brookstone Capital Management now owns 359,201 shares of the exchange traded fund’s stock valued at $173,052,000 after buying an additional 19,484 shares in the last quarter. Finally, WealthCare Investment Partners LLC grew its stake in Invesco QQQ by 0.4% in the 2nd quarter. WealthCare Investment Partners LLC now owns 43,383 shares of the exchange traded fund’s stock valued at $20,785,000 after acquiring an additional 154 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

QQQ opened at $526.50 on Friday. The firm’s fifty day simple moving average is $502.92 and its two-hundred day simple moving average is $483.29. Invesco QQQ has a 52-week low of $395.34 and a 52-week high of $530.61.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.51%. The ex-dividend date was 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.