Flagship Harbor Advisors LLC Raises Holdings in Invesco QQQ $QQQ

Key Points

• Flagship Harbor Advisors LLC increased its position in Invesco QQQ by 67.2% in Q4 to 25,577 shares (an additional 10,278 shares), valued at $15,712,000 and representing about 0.7% of its portfolio (its 27th largest holding).
• Invesco QQQ shares opened at $588.50, trading below their 50-day and 200-day SMAs ($601.34 and $609.38); the fund paid a quarterly dividend of $0.7328 (annualized $2.93, yield 0.5%) with an ex-dividend date of March 23 and payment on March 27.
• Institutional investors hold about 44.58% of QQQ, and several smaller firms recently initiated or modestly increased positions in the ETF.

Flagship Harbor Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 67.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,577 shares of the exchange traded fund's stock after buying an additional 10,278 shares during the quarter. Invesco QQQ comprises about 0.7% of Flagship Harbor Advisors LLC's investment portfolio, making the stock its 27th biggest position. Flagship Harbor Advisors LLC's holdings in Invesco QQQ were worth $15,712,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQ. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth $27,000. Navigoe LLC raised its position in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock worth $36,000 after buying an additional 45 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth $40,000. Finally, PayPay Securities Corp raised its position in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after buying an additional 30 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6%

Shares of QQQ opened at $588.50 on Tuesday. The stock's fifty day simple moving average is $601.34 and its 200 day simple moving average is $609.38. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 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.

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