Sandbox Financial Partners LLC Has $4.43 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Sandbox Financial Partners LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 611.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 approximately 2.1% of Sandbox Financial Partners LLC’s investment portfolio, making the stock its 12th biggest position. Sandbox Financial Partners LLC’s holdings in Invesco QQQ were worth $4,430,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new position in Invesco QQQ during the second quarter worth $36,000. Core Wealth Advisors Inc. increased its holdings in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Invesco QQQ during the second quarter worth $44,000. Blume Capital Management Inc. boosted its position in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the period. Finally, Buck Wealth Strategies LLC boosted its position in Invesco QQQ by 71.4% during the third quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 65 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.2 %

QQQ stock traded down $0.82 during midday trading on Thursday, reaching $444.01. 36,607,437 shares of the company were exchanged, compared to its average volume of 44,988,266. The business has a 50-day moving average price of $433.84 and a two-hundred day moving average price of $399.66. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 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.