Accredited Investors Inc. Has $2.99 Million Stock Holdings in Invesco QQQ $QQQ

Accredited Investors Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 16.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,183 shares of the exchange traded fund’s stock after purchasing an additional 714 shares during the period. Accredited Investors Inc.’s holdings in Invesco QQQ were worth $2,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its position in Invesco QQQ by 381.0% in the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after purchasing an additional 26,505,055 shares during the period. Corient Private Wealth LLC lifted its position in Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Delta Global Management LP acquired a new position in Invesco QQQ during the 4th quarter valued at about $821,084,000. Align Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $78,118,000. Finally, SG Americas Securities LLC boosted its stake in shares of Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after purchasing an additional 1,270,102 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Investors are still viewing QQQ as a go-to way to buy the tech-heavy Nasdaq-100, with multiple articles highlighting it as a strong dip-buying vehicle and noting heavy recent trading activity in the ETF. Article Title
• Positive Sentiment: Supportive market coverage around the Nasdaq-100 and QQQ suggests continued demand for large-cap growth exposure, which can help the ETF when tech stocks stabilize. Article Title
• Neutral Sentiment: BlackRock launched a cheaper Nasdaq-100 rival, iShares Nasdaq 100 ETF (IQQ), directly challenging Invesco QQQ and potentially pressuring fee-sensitive investor flows over time. Article Title
• Neutral Sentiment: Several pieces noted rising competition in the Nasdaq-100 ETF space and the index’s growing concentration in mega-cap tech, reinforcing QQQ’s dominance while also underscoring valuation and concentration risks. Article Title
• Negative Sentiment: Commentary warning that the AI and Nasdaq-100 trade may be overheating could weigh on sentiment if investors start rotating out of high-growth tech exposure. Article Title

Invesco QQQ Trading Up 1.7%

Shares of NASDAQ:QQQ opened at $723.23 on Friday. The company has a 50 day moving average of $717.13 and a 200-day moving average of $649.53. Invesco QQQ has a one year low of $551.56 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be paid a $0.8135 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ 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.