OneAscent Wealth Management LLC Has $283,000 Stake in Invesco QQQ (NASDAQ:QQQ)

OneAscent Wealth Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 553 shares of the exchange traded fund’s stock after selling 285 shares during the period. OneAscent Wealth Management LLC’s holdings in Invesco QQQ were worth $283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the last quarter. FMR LLC lifted its position in Invesco QQQ by 1.7% during the 3rd quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock worth $379,751,000 after buying an additional 13,338 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Invesco QQQ by 13.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund’s stock worth $14,378,000 after buying an additional 3,553 shares during the last quarter. Fiduciary Trust Co grew its holdings in shares of Invesco QQQ by 4.4% in the 3rd quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund’s stock valued at $2,688,000 after acquiring an additional 230 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in shares of Invesco QQQ by 4.1% in the third quarter. Financial Counselors Inc. now owns 10,300 shares of the exchange traded fund’s stock valued at $5,027,000 after acquiring an additional 410 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $468.94 on Friday. The stock has a 50 day moving average price of $508.43 and a 200 day moving average price of $504.77. The stock has a market capitalization of $295.55 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.