Schaper Benz & Wise Investment Counsel Inc. WI Acquires 227 Shares of Invesco QQQ (NASDAQ:QQQ)

Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 52.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 660 shares of the exchange traded fund’s stock after purchasing an additional 227 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Invesco QQQ were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its position in Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its position in Invesco QQQ by 0.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after purchasing an additional 13,772 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Shares of QQQ stock opened at $491.79 on Friday. The firm has a market capitalization of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The business’s 50-day moving average price is $518.84 and its 200-day moving average price is $503.99. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Announces Dividend

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