One Degree Advisors Inc Grows Position in Invesco QQQ (NASDAQ:QQQ)

One Degree Advisors Inc lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 24.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 960 shares of the exchange traded fund’s stock after buying an additional 188 shares during the quarter. One Degree Advisors Inc’s holdings in Invesco QQQ were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in QQQ. PayPay Securities Corp increased its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the 4th quarter valued at approximately $51,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ in the 4th quarter worth approximately $61,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $416.06 on Wednesday. The stock has a 50 day moving average price of $495.43 and a 200-day moving average price of $503.31. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market capitalization of $263.70 billion, a P/E ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date 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.