Stonehearth Capital Management LLC Sells 11,166 Shares of Invesco QQQ (NASDAQ:QQQ)

Stonehearth Capital Management LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 93.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 813 shares of the exchange traded fund's stock after selling 11,166 shares during the period. Stonehearth Capital Management LLC's holdings in Invesco QQQ were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Consulting LLC boosted its stake in Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after buying an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after buying an additional 20 shares during the last quarter. RAM Investment Partners LLC boosted its stake in Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after buying an additional 20 shares during the last quarter. HighMark Wealth Management LLC boosted its stake in Invesco QQQ by 5.2% during the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after buying an additional 20 shares during the last quarter. Finally, Providence First Trust Co boosted its stake in Invesco QQQ by 3.0% during the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.6%

Invesco QQQ stock traded down $3.24 during midday trading on Friday, reaching $516.69. 67,585,697 shares of the stock traded hands, compared to its average volume of 37,748,895. The stock's fifty day moving average is $478.06 and its 200-day moving average is $501.10. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a market cap of $323.78 billion, a P/E ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.