Invesco QQQ $QQQ Shares Bought by First National Corp MA ADV

Key Points

• First National Corp MA ADV increased its holdings in Invesco QQQ by 11.5% in Q2, acquiring an additional 1,937 shares, bringing its total to 18,851 shares valued at $10,399,000.
• Other institutional investors also raised their stakes in Invesco QQQ; for example, Brighton Jones LLC raised its holdings by 15.0%, while Westwood Holdings Group Inc. increased theirs by 246.2%.
• Invesco QQQ recently announced a quarterly dividend of $0.5911, yielding 0.4%, which was paid on July 31st to stockholders of record.

First National Corp MA ADV raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,851 shares of the exchange traded fund's stock after buying an additional 1,937 shares during the quarter. Invesco QQQ comprises 2.1% of First National Corp MA ADV's portfolio, making the stock its 15th largest position. First National Corp MA ADV's holdings in Invesco QQQ were worth $10,399,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QQQ. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $51,000. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after acquiring an additional 2,536 shares during the period. Atlantic Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after acquiring an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $67,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.5%

QQQ traded up $3.10 during midday trading on Friday, hitting $598.42. The company had a trading volume of 28,859,938 shares, compared to its average volume of 45,376,070. The stock's 50 day moving average price is $571.28 and its 200 day moving average price is $522.90. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $598.43.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ 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.