Farmers Trust Co. Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Farmers Trust Co. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,868 shares of the exchange traded fund’s stock after selling 736 shares during the quarter. Invesco QQQ comprises about 1.2% of Farmers Trust Co.’s holdings, making the stock its 20th largest holding. Farmers Trust Co.’s holdings in Invesco QQQ were worth $6,579,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Granite Bay Wealth Management LLC increased its holdings in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing 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 2nd quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock valued at $189,530,000 after buying an additional 389,921 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after buying an additional 338,494 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.2 %

QQQ traded down $0.81 during trading on Wednesday, hitting $514.37. The company had a trading volume of 24,996,657 shares, compared to its average volume of 32,334,822. The business has a 50-day moving average of $513.51 and a 200-day moving average of $490.39. Invesco QQQ has a 1-year low of $401.71 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, December 23rd.

About Invesco QQQ

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.