OneAscent Wealth Management LLC Sells 285 Shares of Invesco QQQ (NASDAQ:QQQ)

OneAscent Wealth Management LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC bought a new position in Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the 4th quarter worth about $51,000. Finally, Creative Capital Management Investments LLC lifted its position in Invesco QQQ by 740.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 111 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $468.94 on Friday. The firm’s 50 day moving average price is $508.43 and its two-hundred day moving average price is $504.77. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The stock has a market cap of $295.55 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

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.