Harbour Capital Advisors LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 515 shares of the exchange traded fund's stock, valued at approximately $232,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $1,018,000. Synergy Investment Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $815,000. Tandem Investment Partners LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $4,623,000. Finally, Gemsstock Ltd. raised its stake in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.9%
QQQ traded up $5.06 during trading on Thursday, reaching $546.22. 43,614,634 shares of the company's stock were exchanged, compared to its average volume of 38,801,022. The business has a 50 day moving average price of $505.63 and a 200 day moving average price of $503.71. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $547.05.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.
About Invesco QQQ
(
Free Report)
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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