Invesco QQQ (NASDAQ:QQQ) Shares Bought by Sandy Cove Advisors LLC

Market Beat
2025.01.20 09:48

Sandy Cove Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.9% in Q4, owning 16,015 shares valued at $8.19 million. Other institutional investors also adjusted their positions, with International Assets Investment Management boosting its stake by 46,491.6%. Invesco QQQ shares opened at $521.74, with a 52-week range of $409.16 to $539.15. The company recently paid a dividend of $0.8347 to shareholders of record on December 23.

Sandy Cove Advisors LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,015 shares of the exchange traded fund's stock after purchasing an additional 1,304 shares during the quarter. Invesco QQQ comprises about 3.2% of Sandy Cove Advisors LLC's holdings, making the stock its 10th biggest holding. Sandy Cove Advisors LLC's holdings in Invesco QQQ were worth $8,187,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Ameriprise Financial Inc. raised its position in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund's stock valued at $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after buying an additional 488,815 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund's stock worth $1,532,904,000 after buying an additional 33,790 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its stake in shares of Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock worth $940,676,000 after buying an additional 13,772 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.7 %

Shares of NASDAQ:QQQ opened at $521.74 on Monday. Invesco QQQ has a fifty-two week low of $409.16 and a fifty-two week high of $539.15. The firm's 50 day moving average price is $515.94 and its 200 day moving average price is $492.11.

Invesco QQQ Announces Dividend

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The company also recently disclosed 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 of this dividend was Monday, December 23rd.

About Invesco QQQ

(Free Report)

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.

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