Harvest Fund Management Co. Ltd Has $559,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Harvest Fund Management Co. Ltd increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 95.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,145 shares of the exchange traded fund’s stock after purchasing an additional 558 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Invesco QQQ were worth $559,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the first quarter worth $40,000. CGC Financial Services LLC lifted its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 81 shares during the period. Finally, Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.5 %

QQQ opened at $509.31 on Wednesday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The firm’s 50-day simple moving average is $494.46 and its 200-day simple moving average is $478.12.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. 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.