Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lifted by AMG National Trust Bank

AMG National Trust Bank raised its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,557 shares of the exchange traded fund’s stock after purchasing an additional 4,988 shares during the period. Invesco QQQ accounts for about 1.1% of AMG National Trust Bank’s investment portfolio, making the stock its 20th largest position. AMG National Trust Bank’s holdings in Invesco QQQ were worth $35,447,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in QQQ. Red Tortoise LLC raised its stake in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares in the last quarter. Robinson Capital Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $40,000. Friedenthal Financial bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $42,000. Finally, Core Wealth Advisors Inc. boosted its holdings in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ traded down $0.22 during trading on Friday, hitting $451.76. The stock had a trading volume of 35,803,719 shares, compared to its average volume of 39,883,960. Invesco QQQ has a 12 month low of $329.56 and a 12 month high of $454.69. The company has a 50 day simple moving average of $437.57 and a 200-day simple moving average of $418.90.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.51%.

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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