Schrum Private Wealth Management LLC Purchases 968 Shares of Invesco QQQ (NASDAQ:QQQ)

Schrum Private Wealth Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 84.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,112 shares of the exchange traded fund’s stock after buying an additional 968 shares during the period. Schrum Private Wealth Management LLC’s holdings in Invesco QQQ were worth $1,031,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QQQ. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the last quarter. Socha Financial Group LLC lifted its holdings in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the period. Bank Hapoalim BM grew its position in shares of Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after buying an additional 6,347 shares during the last quarter. SVB Wealth LLC increased its stake in shares of Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares during the period. Finally, Arrow Financial Corp raised its holdings in shares of Invesco QQQ by 7.2% during the third quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock valued at $68,997,000 after acquiring an additional 9,516 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded down $1.59 on Wednesday, reaching $511.32. The company’s stock had a trading volume of 6,700,688 shares, compared to its average volume of 29,117,756. The business has a fifty day simple moving average of $486.39 and a two-hundred day simple moving average of $473.15. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

About Invesco QQQ

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.