Stonehearth Capital Management Increases Stake in Invesco QQQ

Stonehearth Capital Management LLC has significantly increased its shareholding in Invesco QQQ (NASDAQ:QQQ), raising its stake by an astonishing 2,573.9% during the 4th quarter. According to their latest submission to the Securities and Exchange Commission, the firm now holds a total of 11,979 shares after acquiring an additional 11,531 shares throughout the quarter. Invesco QQQ represents 2.5% of Stonehearth's overall portfolio, making it their 12th largest investment. As per the most recent SEC filing, the value of Stonehearth's holdings in Invesco QQQ stands at $6,124,000.

Institutional Investors Boosting Holdings

Several other institutional investors and hedge funds have also recently made noteworthy adjustments to their investments in Invesco QQQ. For instance, International Assets Investment Management LLC raised its stake by an astounding 46,491.6% during the third quarter, now owning 32,586,150 shares worth approximately $15.9 billion after acquiring an additional 32,516,210 shares. Similarly, Granite Bay Wealth Management LLC increased its holdings by 6,215.5% in the second quarter, bringing their total to 908,924 shares valued at $409,513,000 following the purchase of 894,532 shares.

Furthermore, Toronto Dominion Bank expanded its investment by 13.0% during the third quarter, now holding 4,261,790 shares worth about $2.08 billion after acquiring an additional 488,815 shares. CBIZ Investment Advisory Services LLC also saw a massive increase in its stake, up by 6,880.6%, now owning 395,588 shares valued at $189,530,000 after an additional purchase of 389,921 shares. Lastly, Ameriprise Financial Inc. increased its holdings by 7.3% in the second quarter, resulting in a total of 4,966,637 shares worth $2.38 billion after buying 338,494 shares.

Market Performance of Invesco QQQ

As for Invesco QQQ's performance in the market, shares were down 1.3% in midday trading, reaching a price of $517.63. The trading volume was recorded at 18,189,302 shares, compared to an average volume of 29,587,266 shares. Over the past year, the stock has seen a low of $397.84 and a high of $539.15. Currently, the 50-day moving average price stands at $513.21, with the 200-day moving average at $490.14.

Dividend Announcement from Invesco QQQ

Invesco QQQ has also announced a dividend, which was recently paid out on December 31st. Shareholders of record as of December 23rd received a dividend of $0.8347 per share. The ex-dividend date was also December 23rd.

About Invesco QQQ

Invesco QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The primary goal of the Trust is to deliver investment results that reflect the price and yield performance of the Nasdaq-100 Index. This enables investors to purchase units of beneficial interest in the Trust, providing them with proportionate rights in the portfolio of securities held by the Trust, which mirrors the component securities of the Nasdaq-100 Index.

Investment, Shares, Finance