OneAscent Financial Services LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 59.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,316 shares of the exchange traded fund's stock after selling 3,362 shares during the period. OneAscent Financial Services LLC's holdings in Invesco QQQ were worth $1,096,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the first quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Trading Up 0.2%
Invesco QQQ stock traded up $1.11 during mid-day trading on Thursday, reaching $564.92. The company had a trading volume of 17,783,368 shares, compared to its average volume of 44,674,121. The stock's 50-day simple moving average is $537.33 and its 200-day simple moving average is $508.21. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $566.06.
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.
Invesco QQQ Profile
(
Free Report)
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.
Further Reading
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
