Invesco QQQ $QQQ Shares Sold by First National Trust Co

by · The Cerbat Gem

First National Trust Co trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 5.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,441 shares of the exchange traded fund’s stock after selling 418 shares during the period. First National Trust Co’s holdings in Invesco QQQ were worth $4,105,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQ. Brighton Jones LLC raised its stake in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. raised its stake in shares of Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after buying an additional 4,835 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Invesco QQQ by 7.3% during the 1st quarter. Golden State Wealth Management LLC now owns 32,742 shares of the exchange traded fund’s stock worth $15,353,000 after buying an additional 2,241 shares during the period. Finally, Hills Bank & Trust Co raised its stake in shares of Invesco QQQ by 12.6% during the 1st quarter. Hills Bank & Trust Co now owns 412 shares of the exchange traded fund’s stock worth $193,000 after buying an additional 46 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.8%

Shares of QQQ stock opened at $628.09 on Tuesday. The stock has a 50 day simple moving average of $591.63 and a 200-day simple moving average of $548.87. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $628.55.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

About Invesco QQQ

(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.

Further Reading

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