First National Corp MA ADV Purchases 1,937 Shares of Invesco QQQ $QQQ

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 stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,851 shares of the exchange traded fund's stock after acquiring an additional 1,937 shares during the quarter. Invesco QQQ comprises 2.1% of First National Corp MA ADV's holdings, making the stock its 15th largest position. First National Corp MA ADV's holdings in Invesco QQQ were worth $10,399,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth approximately $1,018,000. Sendero Wealth Management LLC bought a new position in shares of Invesco QQQ during the first quarter worth approximately $273,000. Griffith & Werner Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth approximately $583,000. GSG Advisors LLC increased its holdings in shares of Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after purchasing an additional 585 shares during the period. Finally, Amundi increased its holdings in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after purchasing an additional 6,600 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1%

Shares of QQQ traded down $0.50 during mid-day trading on Tuesday, hitting $591.18. 36,887,253 shares of the company's stock were exchanged, compared to its average volume of 47,594,036. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $592.86. The stock's 50-day simple moving average is $569.81 and its 200-day simple moving average is $521.75.

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 issued a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

Invesco QQQ Company 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.