Peoples Bank OH Sells 616 Shares of Invesco QQQ (NASDAQ:QQQ)

Peoples Bank OH cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,405 shares of the exchange traded fund's stock after selling 616 shares during the quarter. Peoples Bank OH's holdings in Invesco QQQ were worth $659,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QQQ. Eagle Capital Management LLC boosted its holdings in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC grew its stake in shares of Invesco QQQ by 15.0% in the fourth 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 last quarter. Revolve Wealth Partners LLC grew its stake in shares of Invesco QQQ by 3.5% in the fourth 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 last quarter. Proficio Capital Partners LLC boosted its holdings in Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock valued at $11,791,000 after purchasing an additional 687 shares during the period. Finally, Amundi boosted its holdings in Invesco QQQ by 13.0% in the 4th quarter. Amundi now owns 104,303 shares of the exchange traded fund's stock valued at $53,744,000 after purchasing an additional 12,015 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2%

Shares of QQQ traded down $1.15 during trading hours on Friday, reaching $554.30. 28,351,545 shares of the company traded hands, compared to its average volume of 44,886,910. The stock's fifty day moving average is $525.75 and its 200 day moving average is $505.74. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.63.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.