One Capital Management LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

One Capital Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,469 shares of the exchange traded fund’s stock after selling 34,327 shares during the quarter. Invesco QQQ comprises approximately 1.4% of One Capital Management LLC’s portfolio, making the stock its 20th biggest holding. One Capital Management LLC’s holdings in Invesco QQQ were worth $43,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its stake 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 purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after acquiring an additional 1,854 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of 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 acquiring an additional 28 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Invesco QQQ by 5.6% during 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 acquiring an additional 294 shares during the last quarter. Finally, Focused Wealth Management Inc increased its position in Invesco QQQ by 11.3% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $502.01 on Thursday. The company’s 50 day simple moving average is $520.28 and its 200 day simple moving average is $503.86. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a market capitalization of $316.39 billion, a price-to-earnings 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. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 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.