OneAscent Financial Services LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

OneAscent Financial Services LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,678 shares of the exchange traded fund's stock, valued at approximately $2,903,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ in the 4th quarter worth about $37,000. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% during 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 in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $51,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 5.4 %

Shares of QQQ stock traded down $25.49 during trading hours on Thursday, hitting $450.66. 69,925,799 shares of the company's stock were exchanged, compared to its average volume of 35,312,193. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm has a market cap of $285.88 billion, a P/E ratio of 30.05 and a beta of 1.18. The firm has a 50 day moving average of $505.23 and a two-hundred day moving average of $505.09.

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Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. 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.