Harbor Group Inc. Purchases 28 Shares of Invesco QQQ (NASDAQ:QQQ)

Harbor Group Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,914 shares of the exchange traded fund’s stock after acquiring an additional 28 shares during the quarter. Harbor Group Inc.’s holdings in Invesco QQQ were worth $979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC increased its holdings in Invesco QQQ by 1.3% during the 4th quarter. Cypress Wealth Services LLC now owns 5,428 shares of the exchange traded fund’s stock worth $2,775,000 after purchasing an additional 72 shares during the period. Capital Advisors Wealth Management LLC increased its holdings in Invesco QQQ by 2.7% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 41,031 shares of the exchange traded fund’s stock valued at $20,976,000 after buying an additional 1,062 shares during the period. Omega Financial Group LLC increased its holdings in Invesco QQQ by 0.4% during the fourth quarter. Omega Financial Group LLC now owns 8,415 shares of the exchange traded fund’s stock valued at $4,302,000 after buying an additional 37 shares during the period. Ritholtz Wealth Management raised its stake in Invesco QQQ by 2.1% in the fourth quarter. Ritholtz Wealth Management now owns 421,094 shares of the exchange traded fund’s stock worth $215,276,000 after buying an additional 8,675 shares in the last quarter. Finally, Tallon Kerry Patrick purchased a new stake in Invesco QQQ during the fourth quarter worth $4,904,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $513.08 on Friday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The stock has a fifty day moving average price of $515.79 and a 200-day moving average price of $491.65.

Invesco QQQ Announces Dividend

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