Invesco QQQ $QQQ Shares Bought by Little Harbor Advisors LLC

Key Points

• Little Harbor Advisors LLC increased its holdings in Invesco QQQ by 3.4% during the first quarter, owning a total of 24,143 shares valued at approximately $11.32 million.
• Several other institutional investors, including Marshall & Sterling Wealth Advisors Inc. and Blume Capital Management Inc., also acquired new stakes or increased their positions in Invesco QQQ, reflecting increased interest from hedge funds.
• Invesco QQQ's recent quarterly dividend was $0.5911 per share, representing a 0.4% yield, with a trading price that has fluctuated between a 12-month low of $402.39 and a high of $583.32.

Little Harbor Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,143 shares of the exchange traded fund's stock after buying an additional 804 shares during the quarter. Invesco QQQ accounts for approximately 7.0% of Little Harbor Advisors LLC's holdings, making the stock its 2nd biggest holding. Little Harbor Advisors LLC's holdings in Invesco QQQ were worth $11,321,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQ. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $51,000. Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $57,000. Finally, Blume Capital Management Inc. increased its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.5%

Shares of Invesco QQQ stock opened at $563.28 on Friday. The company has a 50-day simple moving average of $557.02 and a 200 day simple moving average of $515.49. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

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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