Harbour Trust & Investment Management Co Acquires 1,028 Shares of Invesco QQQ (NASDAQ:QQQ)

Harbour Trust & Investment Management Co boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,680 shares of the exchange traded fund's stock after purchasing an additional 1,028 shares during the quarter. Harbour Trust & Investment Management Co's holdings in Invesco QQQ were worth $6,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at about $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $3.81 on Wednesday, reaching $550.80. The company had a trading volume of 36,407,364 shares, compared to its average volume of 39,147,734. The company has a 50-day moving average of $514.18 and a 200-day moving average of $504.17. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $552.80.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

Invesco QQQ 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.