Axxcess Wealth Management LLC Purchases 3,156 Shares of Invesco QQQ (NASDAQ:QQQ)

Axxcess Wealth Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,136 shares of the exchange traded fund’s stock after purchasing an additional 3,156 shares during the quarter. Invesco QQQ makes up about 0.8% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. Axxcess Wealth Management LLC’s holdings in Invesco QQQ were worth $30,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Fairway Wealth LLC raised its stake in Invesco QQQ by 65.9% during the 2nd quarter. Fairway Wealth LLC now owns 8,628 shares of the exchange traded fund’s stock valued at $4,134,000 after purchasing an additional 3,428 shares during the period. Perennial Investment Advisors LLC grew its holdings in Invesco QQQ by 11.3% during the 2nd quarter. Perennial Investment Advisors LLC now owns 15,206 shares of the exchange traded fund’s stock valued at $7,285,000 after buying an additional 1,542 shares in the last quarter. Pitti Group Wealth Management LLC raised its position in shares of Invesco QQQ by 3.8% during the second quarter. Pitti Group Wealth Management LLC now owns 1,311 shares of the exchange traded fund’s stock valued at $628,000 after buying an additional 48 shares during the last quarter. Yarger Wealth Strategies LLC lifted its holdings in shares of Invesco QQQ by 104.9% in the second quarter. Yarger Wealth Strategies LLC now owns 2,395 shares of the exchange traded fund’s stock worth $1,147,000 after buying an additional 1,226 shares in the last quarter. Finally, Clearstead Trust LLC boosted its position in shares of Invesco QQQ by 1.3% during the second quarter. Clearstead Trust LLC now owns 138,186 shares of the exchange traded fund’s stock worth $66,206,000 after acquiring an additional 1,712 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4 %

QQQ opened at $473.24 on Tuesday. The company has a fifty day moving average of $469.61 and a 200 day moving average of $457.60. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%.

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.