Atlantic Union Bankshares Corp Sells 42 Shares of Invesco QQQ (NASDAQ:QQQ)

Atlantic Union Bankshares Corp lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% during the first quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Register Financial Advisors LLC grew its holdings in shares of Invesco QQQ by 4.1% during the 1st quarter. Register Financial Advisors LLC now owns 835 shares of the exchange traded fund’s stock valued at $371,000 after purchasing an additional 33 shares during the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of Invesco QQQ by 7.4% during the first quarter. Indiana Trust & Investment Management CO now owns 1,070 shares of the exchange traded fund’s stock worth $475,000 after buying an additional 74 shares during the last quarter. Powell Investment Advisors LLC increased its holdings in shares of Invesco QQQ by 1.1% during the first quarter. Powell Investment Advisors LLC now owns 20,655 shares of the exchange traded fund’s stock worth $9,183,000 after buying an additional 229 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 15.8% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,644 shares of the exchange traded fund’s stock valued at $1,174,000 after acquiring an additional 361 shares during the last quarter. Finally, Hengehold Capital Management LLC lifted its stake in shares of Invesco QQQ by 4.7% in the 1st quarter. Hengehold Capital Management LLC now owns 2,030 shares of the exchange traded fund’s stock valued at $901,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $479.11 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $487.20. The stock’s fifty day simple moving average is $454.85 and its 200 day simple moving average is $436.27.

Invesco QQQ Increases Dividend

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