Atlantic Union Bankshares Corp Has $637,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Atlantic Union Bankshares Corp lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 31.8% in the third quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. raised its stake in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the period. Socha Financial Group LLC boosted its stake in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after acquiring an additional 2,171 shares during the last quarter. Archer Investment Corp grew its position in shares of Invesco QQQ by 10.2% during the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock valued at $21,281,000 after acquiring an additional 4,025 shares during the period. Bank Hapoalim BM grew its position in shares of Invesco QQQ by 5.5% during the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares during the period. Finally, Marco Investment Management LLC increased its stake in shares of Invesco QQQ by 48.1% during the 3rd quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund’s stock worth $4,696,000 after purchasing an additional 3,123 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.9 %

Invesco QQQ stock opened at $509.74 on Friday. The business’s 50 day simple moving average is $496.13 and its 200 day simple moving average is $478.96. Invesco QQQ has a 12 month low of $382.66 and a 12 month high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given 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 dividend yield of 0.53%.

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.