Hutchens & Kramer Investment Management Group LLC Acquires 1,675 Shares of Invesco QQQ $QQQ

Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 43.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,505 shares of the exchange traded fund’s stock after buying an additional 1,675 shares during the period. Invesco QQQ makes up approximately 1.2% of Hutchens & Kramer Investment Management Group LLC’s holdings, making the stock its 18th biggest holding. Hutchens & Kramer Investment Management Group LLC’s holdings in Invesco QQQ were worth $3,381,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Orgel Wealth Management LLC raised its holdings in shares of Invesco QQQ by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock worth $229,000 after acquiring an additional 17 shares during the period. Enclave Advisors LLC lifted its position in Invesco QQQ by 0.9% in the 3rd quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after acquiring an additional 17 shares in the last quarter. IFS Advisors LLC boosted its stake in Invesco QQQ by 4.1% in the 3rd quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 17 shares during the period. Mezzasalma Advisors LLC increased its holdings in Invesco QQQ by 0.5% during the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after purchasing an additional 17 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. increased its holdings in Invesco QQQ by 1.4% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $748,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $582.06 on Monday. The business’s 50-day moving average price is $610.46 and its two-hundred day moving average price is $609.78. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be issued a dividend of $0.7328 per share. The ex-dividend date is Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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