Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Accel Wealth Management

Accel Wealth Management grew its stake in Invesco QQQ (NASDAQ:QQQ) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,046 shares of the exchange traded fund’s stock after acquiring an additional 115 shares during the quarter. Invesco QQQ comprises approximately 1.7% of Accel Wealth Management’s investment portfolio, making the stock its 13th biggest position. Accel Wealth Management’s holdings in Invesco QQQ were worth $3,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Barclays PLC boosted its holdings in Invesco QQQ by 113.5% during the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. Morgan Stanley lifted its stake in Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. Senator Investment Group LP acquired a new position in Invesco QQQ during the second quarter worth approximately $319,548,000. Finally, MML Investors Services LLC acquired a new position in Invesco QQQ during the second quarter worth approximately $298,069,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.3 %

QQQ traded up $1.51 during trading on Wednesday, hitting $444.83. 40,990,552 shares of the stock were exchanged, compared to its average volume of 45,122,688. The stock has a fifty day moving average price of $433.08 and a two-hundred day moving average price of $399.34. Invesco QQQ has a 1-year low of $304.77 and a 1-year high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.