Invesco QQQ (NASDAQ:QQQ) is Little Harbor Advisors LLC's 2nd Largest Position

Little Harbor Advisors LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,787 shares of the exchange traded fund's stock after purchasing an additional 1,316 shares during the period. Invesco QQQ comprises 5.7% of Little Harbor Advisors LLC's portfolio, making the stock its 2nd largest position. Little Harbor Advisors LLC's holdings in Invesco QQQ were worth $9,169,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC raised its position in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund's stock worth $13,307,000 after buying an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC increased its position in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund's stock worth $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Toronto Dominion Bank increased its holdings in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $215,600,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.8 %

Invesco QQQ stock traded up $4.03 during trading hours on Friday, reaching $530.53. 28,764,564 shares of the stock were exchanged, compared to its average volume of 37,204,984. Invesco QQQ has a twelve month low of $395.34 and a twelve month high of $533.17. The stock has a 50 day moving average of $502.92 and a two-hundred day moving average of $483.29.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.51%.

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.