1,860 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Accretive Wealth Partners LLC

Key Points

• Accretive Wealth Partners LLC acquired 1,860 shares of Invesco QQQ (NASDAQ:QQQ) during the first quarter, valued at approximately $895,000.
• The quarterly dividend announced is $0.5911 per share, translating to an annualized dividend of $2.36 with a yield of 0.42%.
• As of now, 44.58% of Invesco QQQ's stock is owned by institutional investors and hedge funds.

Accretive Wealth Partners LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,860 shares of the exchange traded fund's stock, valued at approximately $895,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter valued at about $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2%

Shares of QQQ opened at $566.37 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $567.70. The firm has a 50-day simple moving average of $539.14 and a two-hundred day simple moving average of $508.84.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ Company 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.

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