Invesco QQQ (NASDAQ:QQQ) is Harfst & Associates Inc.’s 3rd Largest Position

Harfst & Associates Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,919 shares of the exchange traded fund’s stock after selling 2,615 shares during the period. Invesco QQQ accounts for approximately 5.9% of Harfst & Associates Inc.’s investment portfolio, making the stock its 3rd biggest position. Harfst & Associates Inc.’s holdings in Invesco QQQ were worth $26,316,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after acquiring an additional 338,494 shares during the period. Global Assets Advisory LLC acquired a new position in Invesco QQQ in the 1st quarter valued at about $1,580,776,000. Steel Grove Capital Advisors LLC boosted its holdings in Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco QQQ by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after buying an additional 33,790 shares during the period. Finally, Strategic Financial Concepts LLC increased its holdings 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. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

QQQ opened at $494.47 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The business’s 50 day moving average price is $477.68 and its 200 day moving average price is $464.99.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

Invesco QQQ Company 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.