Evoke Wealth LLC increased its stake in Invesco QQQ (NASDAQ:QQQ – rated) by 22.0% during the fourth quarter, according to a recent disclosure to the Securities and Exchange Commission. The company owned 13,144 exchange-traded fund shares after purchasing an additional 2,366 shares during the period. Evoke Wealth LLC’s holdings of Invesco QQQ were worth $3,500,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently changed their stakes in the company. GoalVest Advisory LLC increased its position in Invesco QQQ by 168.3% in the fourth quarter. GoalVest Advisory LLC now owns 169 exchange-traded fund shares, valued at $45,000, after purchasing an additional 106 of his shares during the previous quarter. PayPay Securities Co., Ltd. acquired a new position worth approximately $50,000 on Invesco QQQ in the fourth quarter. Glass Jacobson Investment Advisors llc acquired a new position in his Invesco QQQ worth approximately $56,000 in the fourth quarter. Surevest LLC increased its position in Invesco QQQ by 60.2% in the third quarter. Surevest LLC purchased an additional 80 shares during the last quarter and now owns 213 shares of the listed fund, valued at $57,000. Finally, Iron Horse Wealth Management LLC acquired a new position in Invesco QQQ worth approximately $80,000 in the fourth quarter. 43.08% of the shares are held by institutional investors and hedge funds.
Invesco QQQ price performance
Nasdaq: QQQ fell $2.19 to $335.45 in intraday trading on Tuesday. Of the Company’s shares, 23,532,714 shares were traded with an average trading volume of 54,977,516 shares. The company’s 50-day moving average is $320.10 and its 200-day moving average is $309.62. Invesco QQQ hit a 12-month low of $254.26 and a 12-month high of $338.67.
Invesco QQQ cuts dividend
The company also recently announced its quarterly dividend, which was paid on Friday, April 28. Shareholders of record on Tuesday, March 21 were given a dividend of $0.472. The ex-dividend date for this dividend was Monday, March 20. This equates to a dividend of $1.89 for him on an annualized basis and a dividend yield of 0.56% for him.
Invesco QQQ Company Profile
PowerShares QQQ Trust Series 1 is a unit fund that issues securities called NASDAQ 100 Index Tracking Stocks. 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 offers investors the opportunity to purchase units of the Trust’s beneficial interest representing a non-proportionate interest in a portfolio of securities held by the Trust. The trust is composed of substantially all securities with substantially the same weight as the constituent securities. Nasdaq 100 Index.
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