Axxcess Wealth Management LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Axxcess Wealth Management LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.2% in the second quarter, HoldingsChannel reports. 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 accounts for 0.8% of Axxcess Wealth Management LLC’s portfolio, making the stock its 25th largest position. Axxcess Wealth Management LLC’s holdings in Invesco QQQ were worth $30,728,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QQQ. Global Assets Advisory LLC purchased a new stake in Invesco QQQ during the 1st quarter valued at $1,580,776,000. Steel Grove Capital Advisors LLC raised its stake in shares of Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC boosted its stake in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. bought a new position in Invesco QQQ during the 1st quarter valued at about $304,591,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $473.24 on Tuesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The firm has a 50-day simple moving average of $469.61 and a two-hundred day simple moving average of $457.60.

Invesco QQQ Increases Dividend

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

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.