Invesco QQQ (NASDAQ:QQQ) Position Lifted by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 28.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,858 shares of the exchange traded fund’s stock after buying an additional 7,112 shares during the period. Invesco QQQ comprises 2.7% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest position. Evolution Wealth Advisors LLC’s holdings in Invesco QQQ were worth $14,145,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Gotham Asset Management LLC boosted its stake in shares of Invesco QQQ by 2.2% in the third quarter. Gotham Asset Management LLC now owns 5,403 shares of the exchange traded fund’s stock valued at $1,936,000 after purchasing an additional 115 shares during the period. Lazard Asset Management LLC grew its stake in shares of Invesco QQQ by 46.2% during the third quarter. Lazard Asset Management LLC now owns 16,155 shares of the exchange traded fund’s stock valued at $5,787,000 after acquiring an additional 5,105 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Ellerson Group Inc. ADV lifted its stake in shares of Invesco QQQ by 0.5% in the third quarter. Ellerson Group Inc. ADV now owns 7,749 shares of the exchange traded fund’s stock worth $2,776,000 after acquiring an additional 39 shares in the last quarter. Finally, Elevatus Welath Management lifted its stake in shares of Invesco QQQ by 120.5% in the third quarter. Elevatus Welath Management now owns 1,951 shares of the exchange traded fund’s stock worth $699,000 after acquiring an additional 1,066 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock traded up $4.06 during midday trading on Wednesday, hitting $491.04. 17,796,925 shares of the company’s stock were exchanged, compared to its average volume of 40,641,691. The firm has a 50 day moving average price of $457.35 and a 200-day moving average price of $437.90. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $491.17.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

Invesco QQQ Company 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.