Harvest Investment Advisors LLC Has $29.19 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Harvest Investment Advisors LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,811 shares of the exchange traded fund’s stock after buying an additional 1,221 shares during the period. Invesco QQQ comprises 19.9% of Harvest Investment Advisors LLC’s portfolio, making the stock its biggest holding. Harvest Investment Advisors LLC’s holdings in Invesco QQQ were worth $29,192,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd lifted its stake in Invesco QQQ by 317,000.0% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 3,171 shares of the exchange traded fund’s stock worth $1,548,000 after purchasing an additional 3,170 shares during the period. Geller Advisors LLC lifted its stake in Invesco QQQ by 5.1% during the third quarter. Geller Advisors LLC now owns 26,800 shares of the exchange traded fund’s stock worth $13,098,000 after purchasing an additional 1,300 shares during the period. Drucker Wealth 3.0 LLC lifted its stake in Invesco QQQ by 25.7% during the third quarter. Drucker Wealth 3.0 LLC now owns 533 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 109 shares during the period. Legacy Investment Solutions LLC bought a new position in Invesco QQQ during the third quarter worth about $125,000. Finally, Northeast Financial Consultants Inc lifted its stake in Invesco QQQ by 1.5% during the third quarter. Northeast Financial Consultants Inc now owns 180,086 shares of the exchange traded fund’s stock worth $87,894,000 after purchasing an additional 2,712 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $526.48 on Monday. Invesco QQQ has a 12 month low of $386.96 and a 12 month high of $526.72. The company has a 50-day moving average price of $499.59 and a two-hundred day moving average price of $481.73.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date 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.