Invesco QQQ (NASDAQ:QQQ) Stock Position Lessened by Harbour Investments Inc.

Harbour Investments Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 244,139 shares of the exchange traded fund’s stock after selling 42,186 shares during the quarter. Invesco QQQ comprises approximately 3.6% of Harbour Investments Inc.’s portfolio, making the stock its 2nd largest holding. Harbour Investments Inc.’s holdings in Invesco QQQ were worth $124,811,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. increased its stake in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC increased its stake in Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after acquiring an additional 1,854 shares during the last quarter. Valley Wealth Managers Inc. increased its stake in Invesco QQQ by 3.9% in the third quarter. Valley Wealth Managers Inc. now owns 1,539 shares of the exchange traded fund’s stock valued at $751,000 after acquiring an additional 58 shares during the last quarter. Coastline Trust Co bought a new position in Invesco QQQ in the third quarter valued at $12,044,000. Finally, Miramar Capital LLC increased its stake in Invesco QQQ by 23.1% in the third quarter. Miramar Capital LLC now owns 1,960 shares of the exchange traded fund’s stock valued at $957,000 after acquiring an additional 368 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.4 %

QQQ opened at $479.66 on Friday. The stock has a market cap of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The business’s fifty day simple moving average is $514.89 and its 200 day simple moving average is $503.85.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.