Schrum Private Wealth Management LLC Has $601,000 Position in Invesco QQQ (NASDAQ:QQQ)

Schrum Private Wealth Management LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 44.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,176 shares of the exchange traded fund’s stock after selling 936 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Invesco QQQ were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC grew its holdings in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC purchased a new stake in Invesco QQQ in the 4th quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its stake in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

Shares of NASDAQ QQQ opened at $502.01 on Thursday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a market cap of $316.39 billion, a P/E ratio of 33.43 and a beta of 1.11. The business has a 50-day simple moving average of $520.28 and a two-hundred day simple moving average of $503.86.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ 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.