Evolution Wealth Advisors LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Evolution Wealth Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 28.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,858 shares of the exchange traded fund’s stock after acquiring an additional 7,112 shares during the quarter. Invesco QQQ accounts for approximately 2.7% of Evolution Wealth Advisors LLC’s 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.

A number of other institutional investors also recently modified their holdings of QQQ. WFA Asset Management Corp lifted its holdings in shares of Invesco QQQ by 70.6% in the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 1,894 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Invesco QQQ by 14.6% in the first quarter. Sivia Capital Partners LLC now owns 611 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 78 shares in the last quarter. Monument Capital Management grew its holdings in shares of Invesco QQQ by 104.2% during the first quarter. Monument Capital Management now owns 26,366 shares of the exchange traded fund’s stock valued at $11,707,000 after buying an additional 13,455 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Invesco QQQ by 8.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 660,856 shares of the exchange traded fund’s stock valued at $293,427,000 after buying an additional 51,643 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC increased its position in shares of Invesco QQQ by 0.3% during the first quarter. Kiley Juergens Wealth Management LLC now owns 54,061 shares of the exchange traded fund’s stock worth $24,004,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $4.06 during trading hours on Wednesday, hitting $491.04. The company’s stock had a trading volume of 17,796,925 shares, compared to its average volume of 40,641,691. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $491.17. The company’s 50-day simple moving average is $457.35 and its two-hundred day simple moving average is $437.90.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued 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.