OneAscent Wealth Management LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 7.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 724 shares of the exchange traded fund’s stock after selling 60 shares during the period. OneAscent Wealth Management LLC’s holdings in Invesco QQQ were worth $321,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at about $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Red Tortoise LLC grew its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares during the period. Friedenthal Financial acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $41,000. Finally, Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
NASDAQ:QQQ opened at $479.11 on Friday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $487.20. The stock’s 50-day moving average price is $454.85 and its 200-day moving average price is $436.54.
Invesco QQQ Increases Dividend
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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