Stonehearth Capital Management LLC Increases Stake in Invesco QQQ

Stonehearth Capital Management LLC significantly increased its investment in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, improving its holdings by an astonishing 2,573.9%. This growth was confirmed in the firm's latest filing with the Securities and Exchange Commission (SEC), which showed that Stonehearth now holds a total of 11,979 shares of the exchange-traded fund (ETF) after acquiring an additional 11,531 shares over the period.

Invesco QQQ now represents 2.5% of Stonehearth's overall portfolio, marking it as the firm’s 12th largest position. As of the most recent SEC filing, the total value of Stonehearth's investment in Invesco QQQ is $6,124,000.

Changes by Other Investors

Other hedge funds and institutional investors have also adjusted their positions in Invesco QQQ. For instance, International Assets Investment Management LLC dramatically raised its stake by 46,491.6% in the third quarter, now owning 32,586,150 shares valued at approximately $15.9 billion after a massive purchase of 32,516,210 additional shares. Similarly, Granite Bay Wealth Management LLC increased its holdings by 6,215.5% in the second quarter, acquiring 894,532 shares for a total of 908,924 shares worth about $409.5 million.

Toronto Dominion Bank enhanced its investment by 13.0% in the third quarter, bringing its total to 4,261,790 shares valued at around $2.08 billion after a purchase of 488,815 shares. CBIZ Investment Advisory Services LLC also upped its stake by 6,880.6% in the second quarter, now owning 395,588 shares valued at approximately $189.5 million. Additionally, Ameriprise Financial Inc. raised its holdings by 7.3%, now possessing 4,966,637 shares worth about $2.38 billion after an acquisition of 338,494 shares. 44.58% of the total shares for Invesco QQQ are currently held by institutional investors and hedge funds.

Current Stock Performance

The value of Invesco QQQ shares has seen some fluctuations, as evidenced during midday trading where shares dropped by 1.3%, reaching $517.63. The trading volume recorded was 18,189,302 shares, compared to an average volume of 29,587,266 shares. Notably, Invesco QQQ has experienced a twelve-month low of $397.84 and a high of $539.15. The current 50-day moving average price stands at $513.21, with the 200-day moving average at $490.14.

Dividend Announcement

Invesco QQQ recently declared a dividend, which was paid out on December 31st. Shareholders who were on record as of December 23rd received a dividend of $0.8347 per share. The ex-dividend date for this payment was also set for December 23rd.

Understanding Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. Its primary investment objective is to provide results that closely match the performance and yield of the Nasdaq-100 Index. This trust allows investors to purchase units that represent proportionate interests in the portfolio of securities included in the Nasdaq-100 Index.

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