One Degree Advisors Inc Has $661,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Key Points

• One Degree Advisors Inc increased its stake in Invesco QQQ by 47.0% in Q1, holding $661,000 worth of the ETF.
• Institutional investors now own 44.58% of Invesco QQQ's stock, indicating significant institutional interest.
• Despite recent growth, Invesco QQQ's quarterly dividend has been cut, with a yield of 0.4% based on an annualized dividend of $2.36.

One Degree Advisors Inc boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 47.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,411 shares of the exchange traded fund's stock after purchasing an additional 451 shares during the quarter. One Degree Advisors Inc's holdings in Invesco QQQ were worth $661,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QQQ. Red Crane Wealth Management LLC grew its position in shares of Invesco QQQ by 1.0% in the 1st quarter. Red Crane Wealth Management LLC now owns 4,907 shares of the exchange traded fund's stock valued at $2,301,000 after purchasing an additional 48 shares during the period. Potentia Wealth lifted its stake in Invesco QQQ by 17.9% in the first quarter. Potentia Wealth now owns 1,010 shares of the exchange traded fund's stock valued at $474,000 after buying an additional 153 shares in the last quarter. Headlands Technologies LLC lifted its stake in Invesco QQQ by 24.6% in the first quarter. Headlands Technologies LLC now owns 24,662 shares of the exchange traded fund's stock valued at $11,565,000 after buying an additional 4,871 shares in the last quarter. Keb Asset Management LLC increased its position in shares of Invesco QQQ by 11.2% during the first quarter. Keb Asset Management LLC now owns 538 shares of the exchange traded fund's stock worth $252,000 after acquiring an additional 54 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Invesco QQQ by 0.6% during the first quarter. Deutsche Bank AG now owns 39,514 shares of the exchange traded fund's stock worth $18,529,000 after acquiring an additional 250 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.3%

QQQ stock opened at $567.32 on Thursday. The stock has a 50-day moving average price of $546.86 and a two-hundred day moving average price of $511.70. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend 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.

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