Invesco QQQ (NASDAQ:QQQ) Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 292,188 shares of the exchange traded fund’s stock after acquiring an additional 20,499 shares during the quarter. Invesco QQQ comprises 4.7% of Harbour Investments Inc.’s portfolio, making the stock its biggest position. Harbour Investments Inc.’s holdings in Invesco QQQ were worth $139,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $29,000. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Finally, Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $40,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $1.42 during trading hours on Tuesday, reaching $476.76. The company had a trading volume of 27,278,434 shares, compared to its average volume of 40,546,648. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock’s fifty day simple moving average is $474.89 and its 200 day simple moving average is $454.07.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.