Invesco QQQ $QQQ Shares Sold by Farmers Trust Co.

Farmers Trust Co. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,379 shares of the exchange traded fund’s stock after selling 2,418 shares during the quarter. Farmers Trust Co.’s holdings in Invesco QQQ were worth $5,631,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Nuveen LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth about $10,316,000. Russell Investments Group Ltd. increased its stake in shares of Invesco QQQ by 42.7% during the first quarter. Russell Investments Group Ltd. now owns 4,093 shares of the exchange traded fund’s stock worth $1,919,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $212,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.5%

QQQ stock opened at $610.54 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business’s 50-day moving average is $613.69 and its 200 day moving average is $581.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.