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

Harbour Trust & Investment Management Co increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 187.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,279 shares of the exchange traded fund’s stock after purchasing an additional 8,657 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Invesco QQQ were worth $6,481,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the 1st quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the first quarter valued at $40,000. CGC Financial Services LLC increased its position in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its position in 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 purchasing an additional 24 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $492.32 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The company’s 50-day moving average is $479.75 and its two-hundred day moving average is $466.12.

Invesco QQQ Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.