First National Corp MA ADV Grows Stake in Invesco QQQ $QQQ

First National Corp MA ADV lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,851 shares of the exchange traded fund’s stock after buying an additional 1,937 shares during the period. Invesco QQQ makes up 2.1% of First National Corp MA ADV’s portfolio, making the stock its 15th biggest position. First National Corp MA ADV’s holdings in Invesco QQQ were worth $10,399,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $1,018,000. Sendero Wealth Management LLC purchased a new position in Invesco QQQ in the first quarter worth about $273,000. Griffith & Werner Inc. purchased a new position in Invesco QQQ in the fourth quarter worth about $583,000. GSG Advisors LLC boosted its position in Invesco QQQ by 8.2% in 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 last quarter. Finally, Amundi boosted its position in Invesco QQQ by 6.3% in 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 last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $591.68 on Tuesday. The stock’s 50-day simple moving average is $569.03 and its two-hundred day simple moving average is $521.27. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $591.79.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given 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.