Farmers & Merchants Investments Inc. Decreases Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)


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Farmers & Merchants Investments Inc. trimmed its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 352 shares of the exchange traded fund’s stock after selling 32 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Invesco QQQ Trust were worth $112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. FMR LLC increased its position in shares of Invesco QQQ Trust by 4.4% during the first quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock valued at $28,000,000 after acquiring an additional 6,637 shares during the last quarter. IHT Wealth Management LLC increased its position in Invesco QQQ Trust by 11.0% in the third quarter. IHT Wealth Management LLC now owns 90,614 shares of the exchange traded fund’s stock worth $25,176,000 after buying an additional 8,997 shares during the last quarter. Jeppson Wealth Management LLC purchased a new stake in Invesco QQQ Trust in the third quarter worth $636,000. Advisor Partners LLC increased its position in Invesco QQQ Trust by 35.3% in the third quarter. Advisor Partners LLC now owns 3,169 shares of the exchange traded fund’s stock worth $876,000 after buying an additional 827 shares during the last quarter. Finally, Kathmere Capital Management LLC purchased a new stake in Invesco QQQ Trust in the third quarter worth $803,000. 47.01% of the stock is owned by institutional investors.

NASDAQ:QQQ opened at $341.61 on Friday. The business has a fifty day simple moving average of $319.38 and a two-hundred day simple moving average of $312.91. Invesco QQQ Trust has a 1 year low of $203.63 and a 1 year high of $342.01.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Tuesday, March 23rd will be given a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 22nd.

Invesco QQQ Trust 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.

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

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