Schnieders Capital Management LLC Purchases 1,886 Shares of Invesco QQQ (NASDAQ:QQQ)

Schnieders Capital Management LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,613 shares of the exchange traded fund’s stock after acquiring an additional 1,886 shares during the quarter. Invesco QQQ comprises 3.5% of Schnieders Capital Management LLC’s holdings, making the stock its 4th biggest position. Schnieders Capital Management LLC’s holdings in Invesco QQQ were worth $15,813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Red Tortoise LLC increased its holdings in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $42,000. Core Wealth Advisors Inc. increased its holdings in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Finally, Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

Shares of Invesco QQQ stock traded up $6.25 during trading on Tuesday, reaching $425.07. The company’s stock had a trading volume of 44,085,762 shares, compared to its average volume of 46,010,473. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The business has a 50 day moving average price of $437.20 and a 200-day moving average price of $409.44.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%.

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.