Sandy Spring Bank Sells 1,734 Shares of Invesco QQQ (NASDAQ:QQQ)

Sandy Spring Bank trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,603 shares of the exchange traded fund’s stock after selling 1,734 shares during the period. Sandy Spring Bank’s holdings in Invesco QQQ were worth $6,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC purchased a new position in Invesco QQQ during the 2nd quarter valued at about $36,000. Core Wealth Advisors Inc. lifted its position in Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $44,000. Blume Capital Management Inc. raised its holdings 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 acquiring an additional 3,500 shares in the last quarter. Finally, Buck Wealth Strategies LLC raised its holdings in shares of Invesco QQQ by 71.4% during the third quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 65 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.6 %

Shares of QQQ stock opened at $445.37 on Friday. The business’s fifty day moving average is $438.05 and its 200 day moving average is $404.98. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

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.