Accel Wealth Management Acquires 248 Shares of Invesco QQQ (NASDAQ:QQQ)

Accel Wealth Management lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,035 shares of the exchange traded fund’s stock after purchasing an additional 248 shares during the period. Invesco QQQ accounts for 1.8% of Accel Wealth Management’s portfolio, making the stock its 12th biggest position. Accel Wealth Management’s holdings in Invesco QQQ were worth $4,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in QQQ. 1832 Asset Management L.P. boosted its stake in shares of Invesco QQQ by 1.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock worth $1,173,000 after buying an additional 25 shares during the last quarter. AQR Capital Management LLC raised its holdings in Invesco QQQ by 332.0% during the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock worth $5,769,000 after acquiring an additional 9,254 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Invesco QQQ during the second quarter valued at approximately $203,000. The Manufacturers Life Insurance Company grew its stake in Invesco QQQ by 28.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock valued at $33,772,000 after purchasing an additional 15,648 shares in the last quarter. Finally, Scientech Research LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $1,086,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

Shares of Invesco QQQ stock opened at $529.63 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The business’s 50 day moving average is $517.20 and its 200-day moving average is $493.09.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.