One Degree Advisors Inc Purchases 451 Shares of Invesco QQQ (NASDAQ:QQQ)

One Degree Advisors Inc grew its position in Invesco QQQ (NASDAQ:QQQ) by 47.0% in the first quarter, HoldingsChannel.com reports. The fund owned 1,411 shares of the exchange traded fund’s stock after buying an additional 451 shares during the period. One Degree Advisors Inc’s holdings in Invesco QQQ were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ during the 4th quarter worth $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.3%

QQQ stock opened at $567.32 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $574.63. The business has a 50-day simple moving average of $546.86 and a 200 day simple moving average of $511.70.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 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.