Invesco QQQ (NASDAQ:QQQ) Shares Sold by Harfst & Associates Inc.

Harfst & Associates Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 15.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 56,534 shares of the exchange traded fund’s stock after selling 10,472 shares during the period. Invesco QQQ accounts for 6.3% of Harfst & Associates Inc.’s investment portfolio, making the stock its 3rd largest holding. Harfst & Associates Inc.’s holdings in Invesco QQQ were worth $27,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC increased its position in Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after buying an additional 3,102,568 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Invesco QQQ by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after buying an additional 64,401 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco QQQ by 10.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock valued at $1,073,929,000 after buying an additional 206,608 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp boosted its stake in shares of Invesco QQQ by 30.7% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after acquiring an additional 433,317 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.2 %

QQQ traded up $5.61 during trading hours on Monday, reaching $476.27. The company’s stock had a trading volume of 33,466,398 shares, compared to its average volume of 40,490,172. The company’s 50-day moving average is $474.15 and its 200-day moving average is $455.20. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders 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 dividend yield of 0.64%. The ex-dividend date was Monday, June 24th. This is a boost 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.