First National Trust Co Acquires 525 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• First National Trust Co increased its stake in Invesco QQQ by 7.2% during the 1st quarter, holding 7,859 shares worth $3,685,000.
• Invesco QQQ is currently trading at $568.02, with a 52-week high of $572.11 and a low of $402.39.
• The fund has recently announced a quarterly dividend of $0.5911, with a yield of 0.42%, set to be paid on July 31st.

First National Trust Co boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,859 shares of the exchange traded fund's stock after acquiring an additional 525 shares during the quarter. First National Trust Co's holdings in Invesco QQQ were worth $3,685,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after purchasing an additional 568,120 shares during the last quarter. GAMMA Investing LLC lifted its stake in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. TD Asset Management Inc lifted its stake in Invesco QQQ by 18.1% during the first quarter. TD Asset Management Inc now owns 1,378,074 shares of the exchange traded fund's stock worth $646,206,000 after purchasing an additional 210,894 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Invesco QQQ by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock worth $629,680,000 after purchasing an additional 14,017 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 2.0%

Shares of NASDAQ QQQ traded down $11.13 during midday trading on Friday, reaching $553.88. The company had a trading volume of 69,290,965 shares, compared to its average volume of 44,970,789. Invesco QQQ has a one year low of $402.39 and a one year high of $574.63. The firm's fifty day moving average price is $543.12 and its 200-day moving average price is $510.39.

Invesco QQQ Cuts Dividend

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

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.