Invesco QQQ (NASDAQ:QQQ) Shares Bought by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,746 shares of the exchange traded fund’s stock after buying an additional 582 shares during the period. Invesco QQQ makes up approximately 2.0% of Evolution Wealth Advisors LLC’s holdings, making the stock its 10th largest position. Evolution Wealth Advisors LLC’s holdings in Invesco QQQ were worth $10,134,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in QQQ. IMA Wealth Inc. raised its position in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares during the last quarter. S.A. Mason LLC raised its position in shares of Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC raised its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares during the last quarter. Cedrus LLC raised its position in shares of Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its position in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

Shares of Invesco QQQ stock traded down $8.76 during trading on Friday, hitting $414.65. 75,140,125 shares of the company were exchanged, compared to its average volume of 46,015,852. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34. The firm has a 50 day moving average price of $438.05 and a 200 day moving average price of $407.51.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.55%.

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.