Farmers Trust Co. Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Farmers Trust Co. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,868 shares of the exchange traded fund’s stock after selling 736 shares during the period. Invesco QQQ makes up 1.2% of Farmers Trust Co.’s investment portfolio, making the stock its 20th biggest holding. Farmers Trust Co.’s holdings in Invesco QQQ were worth $6,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Granite Bay Wealth Management LLC raised its holdings in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of Invesco QQQ by 6,880.6% during the second quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock valued at $189,530,000 after acquiring an additional 389,921 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in 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 purchasing an additional 338,494 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $0.81 during mid-day trading on Wednesday, hitting $514.37. 24,996,657 shares of the company’s stock were exchanged, compared to its average volume of 32,334,822. The stock has a 50-day simple moving average of $513.51 and a two-hundred day simple moving average of $490.39. Invesco QQQ has a fifty-two week low of $401.71 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.