Accretive Wealth Partners LLC Increases Position in Invesco QQQ $QQQ

Key Points

• Accretive Wealth Partners LLC increased its stake in Invesco QQQ by 22.7% during the second quarter, owning 2,282 shares valued at approximately $1.26 million.
• Invesco QQQ announced a quarterly dividend increase to $0.694, a rise from the previous $0.59, reflecting a 0.5% dividend yield.
• Institutional investors own 44.58% of Invesco QQQ, with several hedge funds also reporting increases in their positions over recent quarters.

Accretive Wealth Partners LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,282 shares of the exchange traded fund's stock after buying an additional 422 shares during the period. Accretive Wealth Partners LLC's holdings in Invesco QQQ were worth $1,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Brighton Jones LLC increased its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Wealth Group Ltd. increased its position in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund's stock worth $3,010,000 after acquiring an additional 4,835 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 19.2% in the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund's stock worth $1,872,000 after acquiring an additional 643 shares in the last quarter. Finally, Lighthouse Wealth Management Inc. increased its position in shares of Invesco QQQ by 0.9% in the first quarter. Lighthouse Wealth Management Inc. now owns 27,095 shares of the exchange traded fund's stock worth $12,705,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $603.93 on Monday. The firm has a fifty day simple moving average of $587.30 and a 200-day simple moving average of $541.36. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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.

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