Invesco QQQ $QQQ Shares Sold by Farmers Trust Co.

Farmers Trust Co. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 20.5% during the third quarter, HoldingsChannel reports. The firm owned 9,379 shares of the exchange traded fund’s stock after selling 2,418 shares during the period. Farmers Trust Co.’s holdings in Invesco QQQ were worth $5,631,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in QQQ. Hobart Private Capital LLC lifted its position in Invesco QQQ by 3.7% during the third quarter. Hobart Private Capital LLC now owns 983 shares of the exchange traded fund’s stock worth $590,000 after buying an additional 35 shares in the last quarter. Rydar Equities Inc. purchased a new stake in Invesco QQQ in the 2nd quarter valued at $2,221,000. Summit Financial Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 40.9% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 809 shares of the exchange traded fund’s stock worth $446,000 after acquiring an additional 235 shares during the last quarter. Fortitude Financial LLC raised its holdings in shares of Invesco QQQ by 249.7% during the 2nd quarter. Fortitude Financial LLC now owns 23,104 shares of the exchange traded fund’s stock worth $12,745,000 after acquiring an additional 16,497 shares during the period. Finally, Momentum Wealth Planning LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter valued at about $16,147,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

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

Invesco QQQ Increases Dividend

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

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.