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

Hutchens & Kramer Investment Management Group LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 43.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,505 shares of the exchange traded fund’s stock after buying an additional 1,675 shares during the quarter. Invesco QQQ comprises 1.2% of Hutchens & Kramer Investment Management Group LLC’s portfolio, making the stock its 18th biggest position. Hutchens & Kramer Investment Management Group LLC’s holdings in Invesco QQQ were worth $3,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC bought a new position in shares of Invesco QQQ during the second quarter worth $290,000. Wealth Group Ltd. grew its holdings in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after buying an additional 18,210 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Invesco QQQ by 145.5% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 324,636 shares of the exchange traded fund’s stock valued at $179,000 after buying an additional 192,419 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $582.06 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company has a fifty day simple moving average of $610.46 and a 200 day simple moving average of $609.78.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, March 23rd.

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About Invesco QQQ

(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

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

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