Invesco QQQ $QQQ Position Reduced by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,884 shares of the exchange traded fund’s stock after selling 2,192 shares during the quarter. Invesco QQQ makes up about 3.6% of Evolution Wealth Advisors LLC’s portfolio, making the stock its 5th biggest holding. Evolution Wealth Advisors LLC’s holdings in Invesco QQQ were worth $26,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC acquired a new position in shares of Invesco QQQ in the second quarter worth about $30,000. Navigoe LLC increased its stake in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the 2nd quarter worth about $41,000. PayPay Securities Corp boosted its position in Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Invesco QQQ during the third quarter worth approximately $42,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $621.26 on Friday. The business has a 50 day simple moving average of $616.40 and a 200-day simple moving average of $595.42. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%.

About Invesco QQQ

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.