Evolve Private Wealth LLC Buys Shares of 8,826 Invesco QQQ $QQQ

Evolve Private Wealth LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 8,826 shares of the exchange traded fund’s stock, valued at approximately $5,422,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Engineers Gate Manager LP grew its position in shares of Invesco QQQ by 54.6% during the fourth quarter. Engineers Gate Manager LP now owns 399,690 shares of the exchange traded fund’s stock worth $245,534,000 after buying an additional 141,130 shares in the last quarter. Chicago Wealth Management Inc. grew its position in shares of Invesco QQQ by 3.0% during the fourth quarter. Chicago Wealth Management Inc. now owns 16,730 shares of the exchange traded fund’s stock worth $10,277,000 after buying an additional 484 shares in the last quarter. Claro Advisors Inc. grew its position in shares of Invesco QQQ by 2.0% during the fourth quarter. Claro Advisors Inc. now owns 25,232 shares of the exchange traded fund’s stock worth $15,500,000 after buying an additional 488 shares in the last quarter. Asset One Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $26,969,000. Finally, Aureus Asset Management LLC grew its position in shares of Invesco QQQ by 18.3% during the fourth quarter. Aureus Asset Management LLC now owns 1,117 shares of the exchange traded fund’s stock worth $686,000 after buying an additional 173 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Invesco QQQ News

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

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $722.51 on Thursday. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65. The business has a 50-day simple moving average of $689.67 and a 200-day simple moving average of $637.91.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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