Invesco QQQ (NASDAQ:QQQ) Position Boosted by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,189 shares of the exchange traded fund’s stock after buying an additional 1,124 shares during the quarter. Invesco QQQ makes up about 2.4% of Sandbox Financial Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Sandbox Financial Partners LLC’s holdings in Invesco QQQ were worth $7,254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. increased its stake in Invesco QQQ by 2.7% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 4,943 shares of the exchange traded fund’s stock valued at $2,496,000 after purchasing an additional 130 shares during the last quarter. Ballew Advisors Inc grew its position in shares of Invesco QQQ by 15.4% during the 4th quarter. Ballew Advisors Inc now owns 3,795 shares of the exchange traded fund’s stock valued at $1,919,000 after buying an additional 506 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth about $540,000. Smith Salley Wealth Management lifted its holdings in Invesco QQQ by 14.7% in the fourth quarter. Smith Salley Wealth Management now owns 3,262 shares of the exchange traded fund’s stock worth $1,668,000 after acquiring an additional 419 shares during the last quarter. Finally, Orgel Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

NASDAQ:QQQ opened at $521.74 on Monday. Invesco QQQ has a 52 week low of $409.16 and a 52 week high of $539.15. The stock has a 50 day moving average of $515.94 and a 200-day moving average of $492.11.

Invesco QQQ Announces Dividend

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