Invesco QQQ (NASDAQ:QQQ) Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,236 shares of the exchange traded fund’s stock after selling 22 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Invesco QQQ were worth $1,143,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Selective Wealth Management Inc. raised its position in shares of Invesco QQQ by 5.1% in the 4th quarter. Selective Wealth Management Inc. now owns 3,791 shares of the exchange traded fund’s stock worth $1,915,000 after buying an additional 185 shares during the period. TrueWealth Advisors LLC increased its stake in Invesco QQQ by 7.1% during the fourth quarter. TrueWealth Advisors LLC now owns 19,899 shares of the exchange traded fund’s stock worth $10,173,000 after acquiring an additional 1,323 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its holdings in shares of Invesco QQQ by 1.0% in the 4th quarter. Arthur M. Cohen & Associates LLC now owns 10,394 shares of the exchange traded fund’s stock worth $5,314,000 after purchasing an additional 102 shares during the period. LongView Wealth Management lifted its stake in shares of Invesco QQQ by 4.4% in the 4th quarter. LongView Wealth Management now owns 10,960 shares of the exchange traded fund’s stock valued at $5,603,000 after purchasing an additional 463 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $69,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $521.74 on Friday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The company’s 50 day moving average price is $515.94 and its 200 day moving average price is $492.08.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date 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.