Harvard Management Co. Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,820 shares of the exchange traded fund's stock after selling 56,000 shares during the quarter. Invesco QQQ makes up about 8.8% of Harvard Management Co. Inc.'s portfolio, making the stock its 5th biggest holding. Harvard Management Co. Inc.'s holdings in Invesco QQQ were worth $99,327,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC boosted its position in shares of Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after acquiring an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after acquiring an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. boosted its position in shares of Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after acquiring an additional 21 shares during the last quarter. MTM Investment Management LLC boosted its position in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Finally, Cutler Investment Counsel LLC boosted its position in shares of Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after acquiring an additional 21 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trading Up 0.9%
Shares of QQQ stock traded up $5.31 on Friday, hitting $574.55. 35,191,297 shares of the stock traded hands, compared to its average volume of 44,779,680. The firm's 50-day moving average price is $549.00 and its two-hundred day moving average price is $512.37. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.77.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.
Invesco QQQ Company Profile
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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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