Evolution Wealth Advisors LLC Acquires 1,098 Shares of Invesco QQQ $QQQ

Evolution Wealth Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 46,255 shares of the exchange traded fund’s stock after purchasing an additional 1,098 shares during the period. Invesco QQQ comprises approximately 4.0% of Evolution Wealth Advisors LLC’s holdings, making the stock its 5th largest holding. Evolution Wealth Advisors LLC’s holdings in Invesco QQQ were worth $34,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the fourth quarter valued at approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Finally, Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $29,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: U.S. equity ETFs and futures moved higher as technology and semiconductor stocks recovered, providing a favorable backdrop for QQQ’s large-cap growth holdings. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover
• Positive Sentiment: Investor focus on AI infrastructure continues to support QQQ indirectly. The ETF owns major AI and cloud-computing customers rather than the specialized companies renting out AI compute capacity, reinforcing its exposure to sustained AI spending. Wall Street Just Invented the Neocloud ETF
• Positive Sentiment: Lower crude-oil prices may ease inflation concerns and support expectations for less restrictive monetary policy, a potential benefit for growth-oriented technology stocks. Drop In Crude Oil Prices Fuels Markets
• Neutral Sentiment: Technical analysis identifies substantial support near 700, but QQQ remains in a negative-gamma regime, which can amplify volatility around key options levels. QQQ Negative Gamma Regime
• Negative Sentiment: QQQ experienced outflows even as investors directed significant funds into S&P 500 ETFs, suggesting some rotation away from concentrated Nasdaq-100 exposure. S&P 500 ETF Inflows and QQQ Outflows
• Negative Sentiment: Recent weakness in technology stocks, elevated bond-market and fiscal concerns, and upcoming Nvidia results and inflation data could increase volatility because QQQ is heavily weighted toward mega-cap technology companies. Treasury Bond Buybacks, Nvidia Earnings and Inflation Data

Invesco QQQ Stock Up 0.6%

Shares of NASDAQ QQQ opened at $710.72 on Wednesday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The company has a fifty day moving average price of $712.63 and a 200 day moving average price of $669.68.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

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.