Security National Bank Has $670,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Security National Bank grew its position in Invesco QQQ (NASDAQ:QQQ) by 18.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,372 shares of the exchange traded fund’s stock after buying an additional 215 shares during the period. Security National Bank’s holdings in Invesco QQQ were worth $670,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Global Assets Advisory LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $1,580,776,000. Steel Grove Capital Advisors LLC lifted its stake in shares of Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC boosted its stake in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC increased its position in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in shares of Invesco QQQ during the first quarter worth approximately $304,591,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.1 %

Shares of NASDAQ QQQ opened at $482.10 on Tuesday. The firm’s 50-day simple moving average is $469.56 and its 200 day simple moving average is $461.81. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%.

About Invesco QQQ

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.