Schnieders Capital Management LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Schnieders Capital Management LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,613 shares of the exchange traded fund’s stock after purchasing an additional 1,886 shares during the period. Invesco QQQ makes up about 3.5% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Schnieders Capital Management LLC’s holdings in Invesco QQQ were worth $15,813,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Red Tortoise LLC boosted its stake in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the period. Friedenthal Financial purchased a new position in Invesco QQQ during the fourth quarter worth $41,000. Bear Mountain Capital Inc. purchased a new position in Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. boosted its stake in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the period. Finally, Blume Capital Management Inc. boosted its stake in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

Shares of QQQ traded up $6.25 during trading hours on Tuesday, reaching $425.07. 44,085,762 shares of the company traded hands, 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 stock’s fifty day moving average price is $437.20 and its 200 day moving average price is $409.44.

Invesco QQQ Announces Dividend

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

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.