Farmers Trust Co. Sells 1,467 Shares of Invesco QQQ (NASDAQ:QQQ)

Farmers Trust Co. decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,401 shares of the exchange traded fund's stock after selling 1,467 shares during the period. Farmers Trust Co.'s holdings in Invesco QQQ were worth $5,346,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC grew its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC increased its position in Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. NWI Management LP raised its stake in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after buying an additional 3,648,000 shares during the period. Senator Investment Group LP purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $679,936,000. Finally, Artemis Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after buying an additional 895,277 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.6%

QQQ traded down $3.24 during trading hours on Friday, hitting $516.69. The stock had a trading volume of 67,585,697 shares, compared to its average volume of 37,748,847. The stock has a market cap of $323.78 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company's fifty day simple moving average is $478.06 and its 200 day simple moving average is $501.10.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.