Harfst & Associates Inc. Has $24.93 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Harfst & Associates Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,160 shares of the exchange traded fund’s stock after purchasing an additional 237 shares during the period. Invesco QQQ makes up approximately 5.8% of Harfst & Associates Inc.’s holdings, making the stock its 3rd biggest position. Harfst & Associates Inc.’s holdings in Invesco QQQ were worth $24,928,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.0%

Shares of QQQ stock opened at $580.34 on Thursday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32. The company has a 50 day simple moving average of $552.08 and a two-hundred day simple moving average of $513.33.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.