Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,015 shares of the exchange traded fund’s stock after purchasing an additional 1,304 shares during the period. Invesco QQQ makes up 3.2% of Sandy Cove Advisors LLC’s portfolio, making the stock its 10th largest position. Sandy Cove Advisors LLC’s holdings in Invesco QQQ were worth $8,187,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. BNP Paribas purchased a new position in Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ in the fourth quarter valued at about $69,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the 4th quarter worth approximately $73,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $521.74 on Monday. Invesco QQQ has a 12 month low of $409.16 and a 12 month high of $539.15. The business has a 50 day simple moving average of $515.94 and a 200-day simple moving average of $492.11.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.