Accel Wealth Management Has $4.62 Million Position in Invesco QQQ (NASDAQ:QQQ)

Accel Wealth Management boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,035 shares of the exchange traded fund’s stock after buying an additional 248 shares during the quarter. Invesco QQQ makes up approximately 1.8% of Accel Wealth Management’s holdings, making the stock its 12th largest holding. Accel Wealth Management’s holdings in Invesco QQQ were worth $4,619,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its position in shares of Invesco QQQ by 1.0% during the second quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock worth $1,173,000 after purchasing an additional 25 shares in the last quarter. AQR Capital Management LLC grew its stake in Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after acquiring an additional 9,254 shares during the period. Drucker Wealth 3.0 LLC bought a new stake in shares of Invesco QQQ in the second quarter worth about $203,000. The Manufacturers Life Insurance Company raised its position in shares of Invesco QQQ by 28.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after purchasing an additional 15,648 shares during the period. Finally, Scientech Research LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at about $1,086,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.6 %

Shares of QQQ opened at $529.63 on Friday. The stock has a 50 day simple moving average of $517.20 and a 200 day simple moving average of $493.09. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.