Stonehearth Capital Management LLC Lowers Position in Invesco QQQ $QQQ

Stonehearth Capital Management LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 72.2% during the fourth quarter, HoldingsChannel reports. The fund owned 3,114 shares of the exchange traded fund’s stock after selling 8,094 shares during the quarter. Invesco QQQ comprises 0.7% of Stonehearth Capital Management LLC’s holdings, making the stock its 21st biggest position. Stonehearth Capital Management LLC’s holdings in Invesco QQQ were worth $1,913,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QQQ. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at approximately $25,000. Shcp LLC acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $27,000. Navigoe LLC raised its stake in shares of Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $40,000. Finally, PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 30 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $562.58 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The stock’s 50 day moving average price is $606.07 and its 200 day moving average price is $609.40.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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