OneDigital Investment Advisors LLC Has $24 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

OneDigital Investment Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% in the fourth quarter, Holdings Channel reports. The fund owned 46,953 shares of the exchange traded fund’s stock after acquiring an additional 409 shares during the period. OneDigital Investment Advisors LLC’s holdings in Invesco QQQ were worth $24,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Stephens Consulting LLC boosted its stake in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after buying an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC lifted its holdings in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after acquiring an additional 20 shares during the period. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after purchasing an additional 20 shares during the period. Finally, RAM Investment Partners LLC increased its position in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $443.82 on Monday. The business’s fifty day moving average is $482.54 and its 200-day moving average is $501.33. The stock has a market capitalization of $283.45 billion, a price-to-earnings ratio of 28.58 and a beta of 1.18. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.