OneAscent Financial Services LLC Has $1.34 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

OneAscent Financial Services LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 46.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,014 shares of the exchange traded fund’s stock after purchasing an additional 959 shares during the quarter. OneAscent Financial Services LLC’s holdings in Invesco QQQ were worth $1,338,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the 1st quarter valued at $29,000. Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ in the 4th quarter valued at $35,000. Red Tortoise LLC increased its holdings in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the period. Friedenthal Financial bought a new stake in Invesco QQQ in the 4th quarter valued at $41,000. Finally, Robinson Capital Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $40,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.5 %

Invesco QQQ stock traded down $2.50 on Friday, hitting $479.11. The company’s stock had a trading volume of 34,881,581 shares, compared to its average volume of 28,583,126. The company has a fifty day moving average price of $454.85 and a 200-day moving average price of $436.27. Invesco QQQ has a one year low of $342.35 and a one year high of $487.20.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

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.