Ascension Capital Advisors Inc. Lowers Holdings in Invesco QQQ (NASDAQ:QQQ)

Ascension Capital Advisors Inc. lessened its position in Invesco QQQ (NASDAQ:QQQ) by 24.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,304 shares of the exchange traded fund’s stock after selling 5,743 shares during the period. Invesco QQQ comprises 3.9% of Ascension Capital Advisors Inc.’s portfolio, making the stock its 11th largest holding. Ascension Capital Advisors Inc.’s holdings in Invesco QQQ were worth $8,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the 1st quarter valued at about $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ in the second quarter worth approximately $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ in the first quarter worth approximately $40,000. CGC Financial Services LLC grew its position in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $505.58 on Thursday. Invesco QQQ has a 1 year low of $369.05 and a 1 year high of $506.41. The stock’s fifty day moving average price is $483.00 and its 200-day moving average price is $470.34.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.

Invesco QQQ Company 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.