OneAscent Wealth Management LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

OneAscent Wealth Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 838 shares of the exchange traded fund’s stock after purchasing an additional 134 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Invesco QQQ were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Westwood Holdings Group Inc. raised its position in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the last quarter. Socha Financial Group LLC raised its position in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the last quarter. Archer Investment Corp raised its position in Invesco QQQ by 10.2% in the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock worth $21,281,000 after buying an additional 4,025 shares during the last quarter. Bank Hapoalim BM raised its position in Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after buying an additional 6,347 shares during the last quarter. Finally, Arrow Financial Corp raised its position in Invesco QQQ by 7.2% in the 3rd quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock worth $68,997,000 after buying an additional 9,516 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $0.45 during mid-day trading on Monday, reaching $497.02. The company’s stock had a trading volume of 4,616,337 shares, compared to its average volume of 38,102,582. Invesco QQQ has a 12-month low of $382.66 and a 12-month high of $515.58. The firm’s fifty day moving average price is $489.33 and its two-hundred day moving average price is $474.83.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, September 23rd.

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.