Invesco QQQ $QQQ Shares Bought by Farmers Trust Co.

Farmers Trust Co. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,797 shares of the exchange traded fund’s stock after purchasing an additional 396 shares during the period. Invesco QQQ accounts for 1.2% of Farmers Trust Co.’s portfolio, making the stock its 27th biggest position. Farmers Trust Co.’s holdings in Invesco QQQ were worth $6,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of 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 during the period. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth about $11,247,000. Putney Financial Group LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth about $67,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth about $706,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.5%

QQQ stock opened at $602.20 on Tuesday. The firm’s 50-day simple moving average is $573.11 and its 200 day simple moving average is $524.79. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. 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.