Harmony Asset Management LLC Has $3.30 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Harmony Asset Management LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,756 shares of the exchange traded fund’s stock after selling 689 shares during the period. Invesco QQQ accounts for 1.2% of Harmony Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Harmony Asset Management LLC’s holdings in Invesco QQQ were worth $3,297,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter worth about $30,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. PFG Private Wealth Management LLC increased its position in Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 103 shares during the last quarter. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. Finally, BNP Paribas acquired a new position in Invesco QQQ during the 3rd quarter valued at approximately $62,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $515.29 on Tuesday. The business has a fifty day simple moving average of $496.13 and a 200-day simple moving average of $479.38. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $516.26.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.