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

First National Corp MA ADV increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 16,914 shares of the exchange traded fund’s stock after buying an additional 151 shares during the period. Invesco QQQ accounts for approximately 1.8% of First National Corp MA ADV’s portfolio, making the stock its 18th largest holding. First National Corp MA ADV’s holdings in Invesco QQQ were worth $7,931,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. lifted its holdings in Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after buying an additional 20 shares in the last quarter. RAM Investment Partners LLC lifted its holdings in Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after buying an additional 20 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock worth $208,000 after buying an additional 20 shares in the last quarter. Providence First Trust Co lifted its holdings in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock worth $346,000 after buying an additional 20 shares in the last quarter. Finally, Diversified Enterprises LLC lifted its holdings in Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock worth $2,679,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.0%

Invesco QQQ stock opened at $529.92 on Friday. The firm has a market cap of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The company’s 50 day moving average is $483.20 and its two-hundred day moving average is $501.88.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.