Evolution Wealth Management Inc. Buys Shares of 2,129 Invesco QQQ $QQQ

Evolution Wealth Management Inc. purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,129 shares of the exchange traded fund’s stock, valued at approximately $1,174,000. Invesco QQQ comprises 1.4% of Evolution Wealth Management Inc.’s portfolio, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Compass Financial Services Inc increased its position in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after purchasing an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. grew its stake in shares of Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 20 shares in the last quarter. Barrett & Company Inc. increased its holdings in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 20 shares during the last quarter. waypoint wealth counsel raised its position in Invesco QQQ by 0.6% during the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after acquiring an additional 20 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its stake in Invesco QQQ by 0.4% in the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock valued at $3,158,000 after acquiring an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $613.62 on Monday. The firm has a 50 day moving average of $613.64 and a two-hundred day moving average of $581.01. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.