Invesco QQQ (NASDAQ:QQQ) Shares Bought by Accel Wealth Management

Accel Wealth Management lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,645 shares of the exchange traded fund's stock after acquiring an additional 610 shares during the period. Invesco QQQ accounts for approximately 1.6% of Accel Wealth Management's investment portfolio, making the stock its 12th biggest holding. Accel Wealth Management's holdings in Invesco QQQ were worth $4,523,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. TrueWealth Advisors LLC increased its position in shares of Invesco QQQ by 3.2% during the first quarter. TrueWealth Advisors LLC now owns 20,544 shares of the exchange traded fund's stock worth $9,633,000 after purchasing an additional 645 shares in the last quarter. Amplius Wealth Advisors LLC grew its stake in Invesco QQQ by 2.5% during the 1st quarter. Amplius Wealth Advisors LLC now owns 70,518 shares of the exchange traded fund's stock worth $33,067,000 after buying an additional 1,751 shares during the last quarter. Apella Capital LLC increased its position in Invesco QQQ by 7.1% during the first quarter. Apella Capital LLC now owns 4,074 shares of the exchange traded fund's stock worth $1,898,000 after buying an additional 269 shares during the period. Orser Capital Management LLC purchased a new stake in Invesco QQQ in the first quarter valued at approximately $566,000. Finally, Bridge Creek Capital Management LLC lifted its stake in Invesco QQQ by 16.6% in the first quarter. Bridge Creek Capital Management LLC now owns 703 shares of the exchange traded fund's stock valued at $330,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $3.98 during trading hours on Thursday, hitting $524.79. The stock had a trading volume of 60,873,940 shares, compared to its average volume of 37,913,823. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market capitalization of $337.36 billion, a PE ratio of 32.66 and a beta of 1.18. The stock's 50 day moving average is $480.94 and its 200 day moving average is $501.53.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.