One Capital Management LLC Has $43.18 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

One Capital Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,469 shares of the exchange traded fund's stock after selling 34,327 shares during the quarter. Invesco QQQ makes up approximately 1.4% of One Capital Management LLC's holdings, making the stock its 20th biggest holding. One Capital Management LLC's holdings in Invesco QQQ were worth $43,183,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. grew its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after buying an additional 46 shares during the period. Pettinga Financial Advisors LLC grew its holdings in Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund's stock valued at $7,553,000 after purchasing an additional 1,854 shares during the period. Harbor Capital Advisors Inc. increased its stake in Invesco QQQ by 5.0% in the third quarter. Harbor Capital Advisors Inc. now owns 589 shares of the exchange traded fund's stock valued at $287,000 after purchasing an additional 28 shares in the last quarter. QRG Capital Management Inc. increased its stake in Invesco QQQ by 5.6% in the third quarter. QRG Capital Management Inc. now owns 5,569 shares of the exchange traded fund's stock valued at $2,718,000 after purchasing an additional 294 shares in the last quarter. Finally, Focused Wealth Management Inc raised its holdings in Invesco QQQ by 11.3% in the third quarter. Focused Wealth Management Inc now owns 134,251 shares of the exchange traded fund's stock worth $65,524,000 after purchasing an additional 13,641 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

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Invesco QQQ Trading Up 0.7 %

Shares of QQQ stock traded up $3.59 on Friday, hitting $491.79. The stock had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a fifty day moving average price of $518.84 and a two-hundred day moving average price of $503.99. The firm has a market cap of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.