Invesco QQQ $QQQ Shares Sold by Harfst & Associates Inc.

Harfst & Associates Inc. lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 52,771 shares of the exchange traded fund’s stock after selling 389 shares during the quarter. Invesco QQQ accounts for 6.0% of Harfst & Associates Inc.’s holdings, making the stock its 3rd largest position. Harfst & Associates Inc.’s holdings in Invesco QQQ were worth $29,111,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the 2nd quarter worth about $41,000. Moser Wealth Advisors LLC raised its position in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the last quarter. Atlantic Private Wealth LLC boosted its stake in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of Invesco QQQ during the first quarter worth about $70,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $614.27 on Thursday. The company’s fifty day moving average is $608.26 and its 200 day moving average is $571.70. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.