Harbour Trust & Investment Management Co Raises Holdings in Invesco QQQ $QQQ

Harbour Trust & Investment Management Co increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,703 shares of the exchange traded fund’s stock after acquiring an additional 23 shares during the period. Harbour Trust & Investment Management Co’s holdings in Invesco QQQ were worth $8,111,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of QQQ. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the 2nd quarter worth about $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. raised its position in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.7%

QQQ opened at $598.00 on Wednesday. The business’s 50-day simple moving average is $585.40 and its 200-day simple moving average is $538.03. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.