Accel Wealth Management Purchases 383 Shares of Invesco QQQ (NASDAQ:QQQ)

Accel Wealth Management raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,429 shares of the exchange traded fund’s stock after acquiring an additional 383 shares during the quarter. Invesco QQQ comprises 1.6% of Accel Wealth Management’s investment portfolio, making the stock its 14th biggest holding. Accel Wealth Management’s holdings in Invesco QQQ were worth $3,743,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Atwater Malick LLC bought a new stake in Invesco QQQ during the first quarter valued at $293,000. Bank Hapoalim BM raised its holdings in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after purchasing an additional 4,549 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares during the period. GenWealth Group Inc. raised its holdings in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the period. Finally, VitalStone Financial LLC raised its holdings in shares of Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8 %

Shares of NASDAQ QQQ opened at $491.04 on Friday. The firm’s 50-day moving average price is $459.98 and its 200-day moving average price is $438.63. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $491.17.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.