Invesco QQQ (NASDAQ:QQQ) Shares Sold by Home Federal Bank of Tennessee

Home Federal Bank of Tennessee decreased its position in Invesco QQQ (NASDAQ:QQQ) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,120 shares of the exchange traded fund’s stock after selling 502 shares during the quarter. Invesco QQQ accounts for approximately 0.6% of Home Federal Bank of Tennessee’s portfolio, making the stock its 27th largest position. Home Federal Bank of Tennessee’s holdings in Invesco QQQ were worth $1,687,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after buying an additional 48,423,350 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares during the period. Morgan Stanley boosted its stake in shares of Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. MML Investors Services LLC acquired a new position in Invesco QQQ in the 2nd quarter worth $298,069,000. Finally, Granite Bay Wealth Management LLC grew its stake in shares of Invesco QQQ by 2,372.7% in the third quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock valued at $298,345,000 after acquiring an additional 771,827 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

NASDAQ:QQQ traded down $0.82 during trading hours on Friday, reaching $444.01. The company had a trading volume of 36,839,641 shares, compared to its average volume of 45,533,704. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The firm’s 50 day moving average price is $434.46 and its 200-day moving average price is $399.97.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

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.