Accredited Investors Inc. boosted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,979 shares of the exchange traded fund’s stock after buying an additional 277 shares during the quarter. Accredited Investors Inc.’s holdings in Invesco QQQ Trust were worth $895,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sontag Advisory LLC bought a new stake in shares of Invesco QQQ Trust in the 4th quarter worth approximately $46,000. CX Institutional lifted its holdings in shares of Invesco QQQ Trust by 1,811.1% in the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 326 shares during the last quarter. Capital Financial Planning LLC bought a new stake in shares of Invesco QQQ Trust in the 4th quarter worth about $55,000. LS Investment Advisors LLC lifted its holdings in shares of Invesco QQQ Trust by 25.0% in the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 75 shares during the last quarter. Finally, Delta Asset Management LLC TN lifted its holdings in shares of Invesco QQQ Trust by 149.1% in the 4th quarter. Delta Asset Management LLC TN now owns 436 shares of the exchange traded fund’s stock worth $67,000 after acquiring an additional 261 shares during the last quarter. 47.22% of the stock is currently owned by hedge funds and other institutional investors.
QQQ traded up $0.69 on Wednesday, reaching $187.19. 1,036,823 shares of the company traded hands, compared to its average volume of 33,076,106. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $187.53.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.3242 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $1.30 annualized dividend and a dividend yield of 0.69%.
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About Invesco QQQ Trust
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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