Sandbox Financial Partners LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Sandbox Financial Partners LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 611.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,818 shares of the exchange traded fund’s stock after buying an additional 9,297 shares during the period. Invesco QQQ accounts for about 2.1% of Sandbox Financial Partners LLC’s portfolio, making the stock its 12th largest position. Sandbox Financial Partners LLC’s holdings in Invesco QQQ were worth $4,430,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. VisionPoint Advisory Group LLC purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $36,000. Russell Investments Group Ltd. purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $44,000. Core Wealth Advisors Inc. increased its stake in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares during the period. Blume Capital Management Inc. increased its stake in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares during the period. Finally, Investors Research Corp increased its stake in shares of Invesco QQQ by 83.5% during the second quarter. Investors Research Corp now owns 156 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 71 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ traded down $0.82 during mid-day trading on Thursday, hitting $444.01. 36,607,437 shares of the company’s stock traded hands, compared to its average volume of 44,988,266. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34. The business’s 50-day moving average price is $433.84 and its 200-day moving average price is $399.66.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.