Accel Wealth Management Has $3.30 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Accel Wealth Management grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,046 shares of the exchange traded fund’s stock after purchasing an additional 115 shares during the period. Invesco QQQ comprises 1.7% of Accel Wealth Management’s holdings, making the stock its 13th largest holding. Accel Wealth Management’s holdings in Invesco QQQ were worth $3,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trueblood Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter valued at approximately $241,000. FLC Capital Advisors increased its position in Invesco QQQ by 8.8% in the 4th quarter. FLC Capital Advisors now owns 2,572 shares of the exchange traded fund’s stock valued at $1,053,000 after acquiring an additional 207 shares during the period. RHS Financial LLC increased its position in Invesco QQQ by 7.8% in the 4th quarter. RHS Financial LLC now owns 2,083 shares of the exchange traded fund’s stock valued at $853,000 after acquiring an additional 150 shares during the period. WealthCare Investment Partners LLC increased its position in shares of Invesco QQQ by 1.1% during the fourth quarter. WealthCare Investment Partners LLC now owns 43,266 shares of the exchange traded fund’s stock worth $17,521,000 after buying an additional 460 shares during the period. Finally, Great Lakes Retirement Inc. increased its position in shares of Invesco QQQ by 7.3% during the fourth quarter. Great Lakes Retirement Inc. now owns 6,488 shares of the exchange traded fund’s stock worth $2,657,000 after buying an additional 444 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

NASDAQ:QQQ traded up $1.51 during trading hours on Wednesday, reaching $444.83. The company had a trading volume of 40,990,552 shares, compared to its average volume of 45,122,688. The business’s 50-day simple moving average is $433.08 and its two-hundred day simple moving average is $399.34. Invesco QQQ has a twelve month low of $304.77 and a twelve month high of $449.34.

Invesco QQQ Announces Dividend

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

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.