Bar Harbor Wealth Management Purchases 2,712 Shares of Invesco QQQ $QQQ

Key Points

• Bar Harbor Wealth Management increased its stake in Invesco QQQ by 8.0%, acquiring an additional 2,712 shares during the second quarter, bringing their total holdings to 36,422 shares valued at approximately $20,092,000.
• Invesco QQQ recently boosted its quarterly dividend to $0.694 per share, up from $0.59, representing an annualized yield of 0.5%.
• Other institutional investors significantly increased their positions in Invesco QQQ, with Kingstone Capital Partners Texas LLC boosting its stake by a staggering 704,593.7%.

Bar Harbor Wealth Management raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,422 shares of the exchange traded fund's stock after acquiring an additional 2,712 shares during the quarter. Invesco QQQ makes up approximately 1.3% of Bar Harbor Wealth Management's holdings, making the stock its 18th largest position. Bar Harbor Wealth Management's holdings in Invesco QQQ were worth $20,092,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its position in shares of Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $2,775,904,000. Spear Holdings RSC Ltd bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $463,293,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $610.70 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $611.75. The business's 50 day moving average price is $583.17 and its 200-day moving average price is $535.28.

Invesco QQQ Increases Dividend

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

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.

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