Bar Harbor Wealth Management Has $17.23 Million Position in Invesco QQQ (NASDAQ:QQQ)

Bar Harbor Wealth Management cut its position in Invesco QQQ (NASDAQ:QQQ) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 33,700 shares of the exchange traded fund’s stock after selling 51 shares during the quarter. Invesco QQQ comprises about 1.1% of Bar Harbor Wealth Management’s portfolio, making the stock its 23rd largest holding. Bar Harbor Wealth Management’s holdings in Invesco QQQ were worth $17,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. BNP Paribas acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the second quarter worth about $76,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Invesco QQQ during the third quarter worth about $91,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.4 %

NASDAQ:QQQ traded down $2.10 during trading hours on Monday, reaching $505.09. 26,128,728 shares of the stock were exchanged, compared to its average volume of 33,527,445. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The firm has a 50 day moving average of $514.92 and a 200 day moving average of $491.12.

Invesco QQQ Dividend Announcement

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