Security National Bank Buys 624 Shares of Invesco QQQ (NASDAQ:QQQ)

Security National Bank raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 43.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,068 shares of the exchange traded fund's stock after purchasing an additional 624 shares during the period. Security National Bank's holdings in Invesco QQQ were worth $970,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Banque Transatlantique SA purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $61,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $5.06 on Thursday, reaching $546.22. 43,614,634 shares of the company's stock traded hands, compared to its average volume of 38,800,462. The stock's 50 day simple moving average is $505.63 and its two-hundred day simple moving average is $503.71. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $546.76.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.