Harbour Investments Inc. Sells 5,863 Shares of Invesco QQQ (NASDAQ:QQQ)

Harbour Investments Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 286,325 shares of the exchange traded fund’s stock after selling 5,863 shares during the quarter. Invesco QQQ makes up about 4.2% of Harbour Investments Inc.’s investment portfolio, making the stock its 2nd largest position. Harbour Investments Inc.’s holdings in Invesco QQQ were worth $139,747,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Fountainhead AM LLC boosted its stake in Invesco QQQ by 62.5% in the 3rd quarter. Fountainhead AM LLC now owns 3,336 shares of the exchange traded fund’s stock valued at $1,628,000 after buying an additional 1,283 shares in the last quarter. Opinicus Capital Inc. boosted its stake in Invesco QQQ by 0.7% in the 3rd quarter. Opinicus Capital Inc. now owns 7,773 shares of the exchange traded fund’s stock valued at $3,794,000 after buying an additional 51 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Invesco QQQ by 1.6% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 46,218 shares of the exchange traded fund’s stock valued at $22,558,000 after buying an additional 734 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Invesco QQQ by 161.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,457 shares of the exchange traded fund’s stock valued at $1,687,000 after buying an additional 2,135 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in Invesco QQQ by 34.5% in the 3rd quarter. Addison Advisors LLC now owns 1,291 shares of the exchange traded fund’s stock valued at $630,000 after buying an additional 331 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

Shares of QQQ stock opened at $513.84 on Tuesday. The stock’s fifty day simple moving average is $484.62 and its 200 day simple moving average is $471.94. Invesco QQQ has a one year low of $375.24 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

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