Schneider Downs Wealth Management Advisors LP Has $1.20 Million Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Schneider Downs Wealth Management Advisors LP lifted its position in Invesco QQQ Trust (NASDAQ:QQQ) by 267.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,362 shares of the exchange traded fund’s stock after acquiring an additional 2,447 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Invesco QQQ Trust were worth $1,203,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in QQQ. JPMorgan Chase & Co. raised its position in shares of Invesco QQQ Trust by 439.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,623,255 shares of the exchange traded fund’s stock valued at $1,284,190,000 after acquiring an additional 2,951,685 shares during the period. Weitzel Financial Services Inc. raised its position in shares of Invesco QQQ Trust by 40,975.7% in the 2nd quarter. Weitzel Financial Services Inc. now owns 1,802,400 shares of the exchange traded fund’s stock valued at $4,895,000 after acquiring an additional 1,798,012 shares during the period. Beacon Capital Management Inc. acquired a new stake in Invesco QQQ Trust during the 2nd quarter worth approximately $220,348,000. Bank of Nova Scotia raised its holdings in Invesco QQQ Trust by 42,902.3% during the 2nd quarter. Bank of Nova Scotia now owns 1,502,500 shares of the exchange traded fund’s stock worth $532,530,000 after buying an additional 1,499,006 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. raised its holdings in Invesco QQQ Trust by 3,322.0% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 1,376,690 shares of the exchange traded fund’s stock worth $487,940,000 after buying an additional 1,336,460 shares during the period. Institutional investors and hedge funds own 42.04% of the company’s stock.

Shares of QQQ stock opened at $398.76 on Thursday. The company’s 50 day moving average price is $378.40 and its two-hundred day moving average price is $363.38. Invesco QQQ Trust has a 52 week low of $294.59 and a 52 week high of $408.71.

The business also recently announced a quarterly dividend, which was paid on Friday, October 29th. Shareholders of record on Tuesday, September 21st were issued a dividend of $0.414 per share. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, September 20th.

About Invesco QQQ Trust

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.

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

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