Atlantic Union Bankshares Corp Lowers Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Atlantic Union Bankshares Corp lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 31.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,305 shares of the exchange traded fund’s stock after selling 608 shares during the period. Atlantic Union Bankshares Corp’s holdings in Invesco QQQ were worth $637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares during the period. Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after acquiring an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC boosted its holdings in Invesco QQQ by 6,215.5% during 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 acquiring an additional 894,532 shares during the period. Mirae Asset Securities USA Inc. bought a new position in Invesco QQQ during the 2nd quarter worth approximately $215,600,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in Invesco QQQ by 6,880.6% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock worth $189,530,000 after purchasing an additional 389,921 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.9 %

NASDAQ:QQQ opened at $509.74 on Friday. The company has a fifty day moving average of $496.13 and a 200 day moving average of $478.96. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%.

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.