Schrum Private Wealth Management LLC Reduces Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Schrum Private Wealth Management LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,176 shares of the exchange traded fund's stock after selling 936 shares during the period. Schrum Private Wealth Management LLC's holdings in Invesco QQQ were worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Consulting LLC raised its position in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after purchasing an additional 19 shares in the last quarter. Planning Capital Management Corp raised its position in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC increased its holdings in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after acquiring an additional 20 shares during the period. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after acquiring an additional 20 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors.

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Invesco QQQ Trading Up 0.7 %

Shares of NASDAQ:QQQ traded up $3.59 on Friday, reaching $491.79. The company had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm's 50 day simple moving average is $518.84 and its 200-day simple moving average is $503.99. The firm has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The business also recently declared 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 was Monday, December 23rd.

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.