Sand Hill Global Advisors LLC Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sand Hill Global Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,941 shares of the exchange traded fund’s stock after buying an additional 162 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Invesco QQQ were worth $3,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ during the fourth quarter worth $37,000. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $51,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $61,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

QQQ opened at $423.69 on Tuesday. The stock’s 50-day moving average price is $499.65 and its 200 day moving average price is $504.39. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a market cap of $268.53 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.