Security National Bank Purchases 594 Shares of Invesco QQQ $QQQ

Key Points

• Security National Bank increased its position in Invesco QQQ shares by 28.7%, owning a total of 2,662 shares worth approximately $1.47 million as of the recent SEC filing.
• Institutional investors hold 44.58% of Invesco QQQ, with significant purchases made by firms including Wilkins Miller Wealth Management and Amundi.
• Invesco QQQ's recent quarterly dividend was $0.5911, resulting in an annualized dividend of $2.36 and a yield of 0.4%.

Security National Bank increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,662 shares of the exchange traded fund's stock after buying an additional 594 shares during the period. Security National Bank's holdings in Invesco QQQ were worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Goldman Sachs Group Inc. raised its position in shares of Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ during the 1st quarter valued at $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its position in Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock valued at $1,501,063,000 after buying an additional 52,234 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Invesco QQQ by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. Finally, GAMMA Investing LLC lifted its position in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.7%

Shares of QQQ traded up $4.03 during mid-day trading on Friday, hitting $599.35. 58,129,765 shares of the company traded hands, compared to its average volume of 47,115,312. The stock has a 50-day moving average price of $572.19 and a two-hundred day moving average price of $523.77. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $600.05.

Invesco QQQ Cuts Dividend

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

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.