OneDigital Investment Advisors LLC Has $19.93 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

OneDigital Investment Advisors LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 42,505 shares of the exchange traded fund's stock after selling 4,448 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Invesco QQQ were worth $19,932,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Diversified Enterprises LLC lifted its holdings in Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after purchasing an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its holdings in Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC lifted its holdings in Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after purchasing an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares during the last quarter. Finally, Willis Johnson & Associates Inc. lifted its holdings in Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $5.08 during mid-day trading on Friday, hitting $555.88. 26,443,524 shares of the stock were exchanged, compared to its average volume of 39,231,028. The firm's 50-day simple moving average is $519.53 and its 200 day simple moving average is $504.75. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.20.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.