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

OneAscent Wealth Management LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 19.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 838 shares of the exchange traded fund’s stock after buying 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 & Exchange Commission.

Several other hedge funds also recently made changes to their positions in QQQ. PBCay One RSC Ltd boosted its holdings in Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after acquiring an additional 22,000 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 142 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Invesco QQQ in the first quarter valued at $844,000. Vanguard Group Inc. boosted its holdings in Invesco QQQ by 5.0% in the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after acquiring an additional 832 shares in the last quarter. Finally, Davis R M Inc. boosted its holdings in shares of Invesco QQQ by 15.3% during the 1st quarter. Davis R M Inc. now owns 3,763 shares of the exchange traded fund’s stock valued at $1,671,000 after buying an additional 498 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $0.45 during mid-day trading on Monday, reaching $497.02. 4,616,337 shares of the company’s stock traded hands, 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 company’s 50-day moving average price is $489.33 and its 200-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. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend 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.