Invesco QQQ (NASDAQ:QQQ) Shares Sold by American National Bank & Trust

American National Bank & Trust lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,974 shares of the exchange traded fund’s stock after selling 86 shares during the quarter. American National Bank & Trust’s holdings in Invesco QQQ were worth $2,428,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter worth about $28,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ during the first quarter worth approximately $29,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ in the second quarter worth approximately $30,000. Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ in the fourth quarter worth approximately $35,000. Finally, Chelsea Counsel Co. bought a new position in Invesco QQQ during the 1st quarter valued at $40,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $481.95 on Thursday. The stock’s fifty day moving average is $468.60 and its 200-day moving average is $461.03. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

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

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.