Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Sandy Spring Bank

Sandy Spring Bank increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,620 shares of the exchange traded fund’s stock after buying an additional 379 shares during the period. Sandy Spring Bank’s holdings in Invesco QQQ were worth $6,452,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. First Financial Bankshares Inc increased its stake in shares of Invesco QQQ by 66.7% during the fourth quarter. First Financial Bankshares Inc now owns 960 shares of the exchange traded fund’s stock worth $491,000 after buying an additional 384 shares during the period. GM Advisory Group LLC increased its stake in Invesco QQQ by 12.5% in the fourth quarter. GM Advisory Group LLC now owns 2,228 shares of the exchange traded fund’s stock valued at $1,139,000 after purchasing an additional 247 shares during the last quarter. North Forty Two & Co. purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $229,000. FreeGulliver LLC increased its stake in Invesco QQQ by 8.5% in the fourth quarter. FreeGulliver LLC now owns 2,623 shares of the exchange traded fund’s stock valued at $1,341,000 after purchasing an additional 205 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $123,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.3 %

Shares of Invesco QQQ stock opened at $480.89 on Thursday. The firm has a market capitalization of $303.08 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm’s 50 day moving average is $512.55 and its two-hundred day moving average is $503.99.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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.