AMG National Trust Bank Boosts Stock Position in Invesco QQQ $QQQ

Key Points

• AMG National Trust Bank increased its stake in Invesco QQQ by 3.3% in the first quarter, adding 2,841 shares to bring its total to 88,496 shares worth about $51.1 million.
• QQQ fell 1.9% on Tuesday, opening at $712.05, after trading between a 12-month low of $551.56 and high of $748.65.
• The ETF recently paid a quarterly dividend of $0.8135 per share, up from $0.73 previously, for an annualized yield of about 0.5%.

AMG National Trust Bank boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,496 shares of the exchange traded fund's stock after purchasing an additional 2,841 shares during the quarter. Invesco QQQ makes up approximately 1.1% of AMG National Trust Bank's investment portfolio, making the stock its 21st largest holding. AMG National Trust Bank's holdings in Invesco QQQ were worth $51,078,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QQQ. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $25,000. Shcp LLC acquired a new stake in Invesco QQQ in the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ in the fourth quarter worth $29,000. Finally, Islay Capital Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $32,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.9%

Shares of QQQ opened at $712.05 on Tuesday. Invesco QQQ has a 12 month low of $551.56 and a 12 month high of $748.65. The stock has a fifty day moving average price of $719.30 and a 200-day moving average price of $650.91.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a dividend of $0.8135 per share. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.5%.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Articles highlighting the Nasdaq-100 / QQQ’s long-term edge versus income-focused ETFs may support demand for QQQ by reminding investors that covered-call strategies like JEPQ can lag a growth-heavy benchmark over time. Article Title
• Positive Sentiment: Coverage suggesting the AI trade is still strong could be supportive for QQQ, since the ETF is heavily weighted toward large-cap technology and AI-related names. Article Title
• Positive Sentiment: Discussion of SpaceX joining the Nasdaq-100 may be mildly supportive for QQQ because it reinforces the index’s exposure to high-profile growth companies, even if the initial weighting is expected to be limited. Article Title
• Neutral Sentiment: Reports that broader ETFs traded lower as U.S. equities declined point to a market-wide risk-off tone rather than anything specific to QQQ. Article Title
• Neutral Sentiment: Festival sponsorship news and general macro commentary are not likely to materially affect QQQ. Article Title
• Negative Sentiment: Broader market headlines about equity futures falling on geopolitical tension could weigh on QQQ because technology stocks tend to be sensitive to risk-off moves. Article Title
• Negative Sentiment: Articles warning that the credit market is flashing concern on AI stocks may create caution for QQQ, given its heavy exposure to mega-cap tech and AI beneficiaries. Article Title

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.

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