Harbour Investments Inc. Sells 42,186 Shares of Invesco QQQ (NASDAQ:QQQ)

Harbour Investments Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,139 shares of the exchange traded fund's stock after selling 42,186 shares during the quarter. Invesco QQQ makes up approximately 3.6% of Harbour Investments Inc.'s holdings, making the stock its 2nd biggest holding. Harbour Investments Inc.'s holdings in Invesco QQQ were worth $124,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. boosted its holdings in shares of Invesco QQQ by 0.3% during 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 acquiring an additional 46 shares during the period. Pettinga Financial Advisors LLC lifted its position in Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund's stock valued at $7,553,000 after purchasing an additional 1,854 shares during the last quarter. Valley Wealth Managers Inc. boosted its stake in Invesco QQQ by 3.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,539 shares of the exchange traded fund's stock valued at $751,000 after purchasing an additional 58 shares during the period. Coastline Trust Co bought a new position in Invesco QQQ in the 3rd quarter worth about $12,044,000. Finally, Miramar Capital LLC increased its stake in shares of Invesco QQQ by 23.1% in the third quarter. Miramar Capital LLC now owns 1,960 shares of the exchange traded fund's stock valued at $957,000 after purchasing an additional 368 shares during the period. Institutional investors own 44.58% of the company's stock.

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Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $11.32 during midday trading on Friday, hitting $479.66. 43,464,229 shares of the company's stock were exchanged, compared to its average volume of 34,911,953. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market cap of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. The stock's 50 day moving average price is $514.89 and its 200-day moving average price is $504.08.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.