Invesco QQQ (NASDAQ:QQQ) Stock Holdings Reduced by Bar Harbor Wealth Management

Bar Harbor Wealth Management trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,700 shares of the exchange traded fund’s stock after selling 51 shares during the quarter. Invesco QQQ makes up about 1.1% of Bar Harbor Wealth Management’s investment portfolio, making the stock its 23rd largest holding. Bar Harbor Wealth Management’s holdings in Invesco QQQ were worth $17,228,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQ. Northeast Investment Management boosted its holdings in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp grew its holdings in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares during the last quarter. Skyline Advisors Inc. raised its position in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the last quarter. Madden Advisory Services Inc. lifted its position in shares of Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 21 shares in the last quarter. Finally, Meridian Management Co. increased its stake in shares of Invesco QQQ by 0.6% in the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock valued at $1,640,000 after buying an additional 21 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $2.10 during trading hours on Monday, reaching $505.09. 26,128,728 shares of the company’s stock traded hands, compared to its average volume of 33,527,445. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The firm’s 50 day moving average is $514.92 and its 200-day moving average is $491.12.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.