Invesco QQQ (NASDAQ:QQQ) Shares Bought by First National Corp MA ADV

First National Corp MA ADV raised its position in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,914 shares of the exchange traded fund’s stock after purchasing an additional 151 shares during the quarter. Invesco QQQ comprises 1.8% of First National Corp MA ADV’s investment portfolio, making the stock its 18th biggest position. First National Corp MA ADV’s holdings in Invesco QQQ were worth $7,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sovereign Financial Group Inc. boosted its holdings in Invesco QQQ by 0.8% in the 1st quarter. Sovereign Financial Group Inc. now owns 35,491 shares of the exchange traded fund’s stock valued at $16,643,000 after purchasing an additional 296 shares during the last quarter. Ehrlich Financial Group lifted its holdings in shares of Invesco QQQ by 57.1% in the 1st quarter. Ehrlich Financial Group now owns 2,767 shares of the exchange traded fund’s stock worth $1,298,000 after acquiring an additional 1,006 shares during the last quarter. Snider Financial Group purchased a new position in shares of Invesco QQQ during the 1st quarter worth approximately $623,000. Littlejohn Financial Services Inc. boosted its position in shares of Invesco QQQ by 40.0% during the 1st quarter. Littlejohn Financial Services Inc. now owns 14,422 shares of the exchange traded fund’s stock worth $6,763,000 after purchasing an additional 4,117 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in shares of Invesco QQQ by 4.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 30,215 shares of the exchange traded fund’s stock worth $14,168,000 after purchasing an additional 1,276 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $529.92 on Friday. The stock has a market capitalization of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. The company has a 50 day moving average price of $483.20 and a 200 day moving average price of $501.88. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.