First National Corp MA ADV Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

First National Corp MA ADV boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,986 shares of the exchange traded fund’s stock after buying an additional 339 shares during the quarter. Invesco QQQ accounts for 1.8% of First National Corp MA ADV’s investment portfolio, making the stock its 19th largest holding. First National Corp MA ADV’s holdings in Invesco QQQ were worth $7,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQ. 180 Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 29 shares during the period. Goodwin Daniel L raised its holdings in shares of Invesco QQQ by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after acquiring an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in shares of Invesco QQQ by 36.7% in the second quarter. Cornerstone Advisors LLC now owns 108,000 shares of the exchange traded fund’s stock valued at $39,897,000 after acquiring an additional 29,000 shares in the last quarter. Finally, Scarborough Advisors LLC raised its holdings in shares of Invesco QQQ by 73.3% in the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after acquiring an additional 581 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $444.85 on Thursday. The business has a 50-day moving average price of $433.08 and a 200 day moving average price of $399.34. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

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.