Invesco QQQ (NASDAQ:QQQ) Position Lifted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2,060.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,251 shares of the exchange traded fund's stock after buying an additional 11,684 shares during the period. Harbor Capital Advisors Inc.'s holdings in Invesco QQQ were worth $5,745,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of QQQ. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the 4th quarter worth $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 1.3%

NASDAQ:QQQ traded down $6.70 on Friday, reaching $526.96. The stock had a trading volume of 55,734,457 shares, compared to its average volume of 38,319,621. The company has a 50-day moving average of $490.36 and a 200 day moving average of $502.64. The stock has a market cap of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.