Harbour Investments Inc. Has $139.75 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Harbour Investments Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% in the third quarter, HoldingsChannel reports. The fund owned 286,325 shares of the exchange traded fund’s stock after selling 5,863 shares during the period. Invesco QQQ accounts for approximately 4.2% of Harbour Investments Inc.’s investment portfolio, making the stock its 2nd largest holding. Harbour Investments Inc.’s holdings in Invesco QQQ were worth $139,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ in the first quarter valued at about $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter valued at about $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC increased its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC increased its holdings in Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ opened at $513.84 on Tuesday. Invesco QQQ has a 12 month low of $375.24 and a 12 month high of $515.58. The stock has a 50-day simple moving average of $484.62 and a 200 day simple moving average of $471.94.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%.

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.