Sandy Spring Bank lessened its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 43,129 shares of the exchange traded fund’s stock after selling 1,052 shares during the period. Sandy Spring Bank’s holdings in Invesco QQQ Trust were worth $7,749,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Ellis Investment Partners LLC increased its stake in Invesco QQQ Trust by 17,883.3% in the first quarter. Ellis Investment Partners LLC now owns 6,329,777 shares of the exchange traded fund’s stock worth $6,329,000 after purchasing an additional 6,294,579 shares during the period. Deutsche Bank AG grew its position in shares of Invesco QQQ Trust by 267,182.0% during the 4th quarter. Deutsche Bank AG now owns 5,043,612 shares of the exchange traded fund’s stock worth $778,025,000 after buying an additional 5,041,725 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Invesco QQQ Trust during the 1st quarter worth $596,218,000. Banque Pictet & Cie SA grew its position in shares of Invesco QQQ Trust by 569.1% during the 4th quarter. Banque Pictet & Cie SA now owns 3,159,757 shares of the exchange traded fund’s stock worth $487,424,000 after buying an additional 2,687,482 shares in the last quarter. Finally, Pictet North America Advisors SA grew its position in shares of Invesco QQQ Trust by 14,018.3% during the 4th quarter. Pictet North America Advisors SA now owns 3,041,795 shares of the exchange traded fund’s stock worth $469,227,000 after buying an additional 3,020,250 shares in the last quarter. Institutional investors own 44.15% of the company’s stock.
QQQ opened at $180.54 on Thursday. Invesco QQQ Trust has a 12-month low of $143.46 and a 12-month high of $191.32.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.3242 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, March 18th.
Invesco QQQ Trust 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.
Further Reading: Technical Analysis
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.