One Wealth Management Investment & Advisory Services LLC Buys 933 Shares of Invesco QQQ (NASDAQ:QQQ)

One Wealth Management Investment & Advisory Services LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 40.0% in the third quarter, Holdings Channel.com reports. The fund owned 3,268 shares of the exchange traded fund’s stock after buying an additional 933 shares during the period. Invesco QQQ makes up 2.8% of One Wealth Management Investment & Advisory Services LLC’s investment portfolio, making the stock its 9th largest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in Invesco QQQ were worth $1,595,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of QQQ. Huntington National Bank increased its holdings in Invesco QQQ by 7.7% during the 3rd quarter. Huntington National Bank now owns 36,185 shares of the exchange traded fund’s stock valued at $17,661,000 after purchasing an additional 2,581 shares in the last quarter. Peak Asset Management LLC boosted its position in shares of Invesco QQQ by 5.1% in the 3rd quarter. Peak Asset Management LLC now owns 17,594 shares of the exchange traded fund’s stock worth $8,587,000 after purchasing an additional 850 shares during the last quarter. ROI Financial Advisors LLC bought a new position in Invesco QQQ during the third quarter worth about $202,000. Fortis Capital Management LLC lifted its holdings in Invesco QQQ by 10.9% during the third quarter. Fortis Capital Management LLC now owns 6,111 shares of the exchange traded fund’s stock worth $2,983,000 after acquiring an additional 602 shares in the last quarter. Finally, Axim Planning & Wealth bought a new position in Invesco QQQ during the third quarter worth about $250,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $512.25 on Thursday. The stock’s 50-day moving average is $487.42 and its 200-day moving average is $473.42. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, September 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.