Sanctuary Wealth Management L.L.C. Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Sanctuary Wealth Management L.L.C. grew its position in Invesco QQQ (NASDAQ:QQQ) by 90.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,317 shares of the exchange traded fund’s stock after buying an additional 7,747 shares during the period. Invesco QQQ makes up about 5.5% of Sanctuary Wealth Management L.L.C.’s investment portfolio, making the stock its 7th largest holding. Sanctuary Wealth Management L.L.C.’s holdings in Invesco QQQ were worth $8,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $37,000. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth $51,000. Finally, Creative Capital Management Investments LLC grew its holdings in shares of Invesco QQQ by 740.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 111 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.6 %

NASDAQ QQQ opened at $468.94 on Friday. The company has a 50-day moving average price of $508.43 and a 200-day moving average price of $505.09. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a market capitalization of $295.55 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

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.