Harbor Asset Planning Inc. Makes New Investment in Invesco QQQ $QQQ

Key Points

• Harbor Asset Planning Inc. has made a new investment in Invesco QQQ, purchasing 1,112 shares valued at approximately $614,000 during the second quarter.
• Invesco QQQ recently announced an increased quarterly dividend of $0.694, up from the previous $0.59, resulting in an annualized dividend of $2.78 and a yield of 0.5%.
• As of the latest reports, 44.58% of Invesco QQQ's stock is owned by institutional investors, highlighting significant institutional interest in the fund.

Harbor Asset Planning Inc. purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,112 shares of the exchange traded fund's stock, valued at approximately $614,000.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc grew its stake in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after purchasing an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. grew its stake in Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock valued at $271,000 after purchasing an additional 20 shares in the last quarter. Barrett & Company Inc. grew its stake in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock valued at $85,000 after purchasing an additional 20 shares in the last quarter. Investment Advisory Group LLC grew its stake in Invesco QQQ by 0.4% in the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock valued at $3,158,000 after purchasing an additional 20 shares in the last quarter. Finally, waypoint wealth counsel lifted its position in shares of Invesco QQQ by 0.6% in the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock valued at $1,964,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.4%

QQQ opened at $599.99 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18. The business has a 50 day moving average of $586.71 and a 200-day moving average of $539.38.

Invesco QQQ Increases Dividend

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

About Invesco QQQ

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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