Harvest Investment Services LLC Sells 3,851 Shares of Invesco QQQ (NASDAQ:QQQ)

Harvest Investment Services LLC lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 31.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,265 shares of the exchange traded fund's stock after selling 3,851 shares during the quarter. Invesco QQQ makes up about 1.0% of Harvest Investment Services LLC's investment portfolio, making the stock its 20th largest holding. Harvest Investment Services LLC's holdings in Invesco QQQ were worth $4,225,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. grew its position in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after purchasing an additional 46 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in shares of Invesco QQQ by 15.9% during the 3rd quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock worth $9,868,000 after acquiring an additional 2,767 shares during the period. Advisory Resource Group lifted its holdings in shares of Invesco QQQ by 5.8% during the 3rd quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund's stock worth $7,056,000 after acquiring an additional 791 shares during the period. Tudor Financial Inc. acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $3,376,000. Finally, Anchor Investment Management LLC increased its stake in Invesco QQQ by 1.6% in the third quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund's stock valued at $20,933,000 after acquiring an additional 693 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.1 %

NASDAQ QQQ traded up $5.21 on Friday, hitting $472.56. 38,606,996 shares of the company's stock were exchanged, compared to its average volume of 36,566,733. The stock has a 50-day moving average of $475.73 and a 200-day moving average of $500.14. The stock has a market cap of $302.39 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

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.