Invesco QQQ (NASDAQ:QQQ) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,823 shares of the exchange traded fund’s stock after selling 42 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Invesco QQQ were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Natixis Advisors L.P. grew its position in Invesco QQQ by 26.9% in the 3rd quarter. Natixis Advisors L.P. now owns 16,118 shares of the exchange traded fund’s stock valued at $5,775,000 after acquiring an additional 3,418 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Invesco QQQ by 5.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 15,547 shares of the exchange traded fund’s stock valued at $5,570,000 after purchasing an additional 786 shares during the period. CWA Asset Management Group LLC grew its holdings in shares of Invesco QQQ by 80.3% in the third quarter. CWA Asset Management Group LLC now owns 3,040 shares of the exchange traded fund’s stock valued at $1,089,000 after purchasing an additional 1,354 shares in the last quarter. Caxton Associates LP purchased a new stake in Invesco QQQ during the 3rd quarter worth approximately $15,226,000. Finally, Tyler Stone Wealth Management lifted its holdings in Invesco QQQ by 5.3% during the 3rd quarter. Tyler Stone Wealth Management now owns 3,773 shares of the exchange traded fund’s stock worth $1,352,000 after buying an additional 191 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $479.11 on Friday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $487.20. The company has a fifty day simple moving average of $454.85 and a two-hundred day simple moving average of $436.27.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

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.