Sanibel Captiva Trust Company Inc. Purchases 553 Shares of Invesco QQQ (NASDAQ:QQQ)

Sanibel Captiva Trust Company Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,483 shares of the exchange traded fund’s stock after acquiring an additional 553 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Invesco QQQ were worth $2,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Buckingham Strategic Wealth LLC lifted its position in Invesco QQQ by 2.7% in the fourth quarter. Buckingham Strategic Wealth LLC now owns 37,403 shares of the exchange traded fund’s stock worth $15,317,000 after buying an additional 979 shares during the last quarter. Guardian Wealth Advisors LLC NC lifted its position in Invesco QQQ by 39.0% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 3,259 shares of the exchange traded fund’s stock worth $1,335,000 after buying an additional 914 shares during the last quarter. Fort Sheridan Advisors LLC lifted its position in Invesco QQQ by 15.4% in the fourth quarter. Fort Sheridan Advisors LLC now owns 3,291 shares of the exchange traded fund’s stock worth $1,348,000 after buying an additional 440 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its position in Invesco QQQ by 1.0% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 19,936 shares of the exchange traded fund’s stock worth $8,164,000 after buying an additional 199 shares during the last quarter. Finally, Optimist Retirement Group LLC bought a new stake in Invesco QQQ in the fourth quarter worth $2,765,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $492.59 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The firm has a fifty day moving average price of $471.00 and a 200-day moving average price of $462.58.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.