Sanibel Captiva Trust Company Inc. Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Sanibel Captiva Trust Company Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,969 shares of the exchange traded fund’s stock after buying an additional 486 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Invesco QQQ were worth $3,052,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Legacy Bridge LLC increased its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $69,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

Invesco QQQ stock opened at $521.74 on Friday. Invesco QQQ has a 12 month low of $409.16 and a 12 month high of $539.15. The company has a fifty day moving average price of $515.94 and a two-hundred day moving average price of $492.08.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.