Invesco QQQ (NASDAQ:QQQ) Holdings Lessened by Harfst & Associates Inc.

Harfst & Associates Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% in the third quarter, HoldingsChannel.com reports. The firm owned 53,919 shares of the exchange traded fund’s stock after selling 2,615 shares during the period. Invesco QQQ accounts for approximately 5.9% of Harfst & Associates Inc.’s portfolio, making the stock its 3rd largest holding. Harfst & Associates Inc.’s holdings in Invesco QQQ were worth $26,316,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ in the 1st quarter valued at approximately $40,000. CGC Financial Services LLC boosted its position in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its stake in shares of Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.7 %

Shares of NASDAQ QQQ opened at $494.47 on Friday. The business’s fifty day simple moving average is $477.68 and its 200-day simple moving average is $464.99. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

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