Evernest Financial Advisors LLC Trims Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Evernest Financial Advisors LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,859 shares of the exchange traded fund’s stock after selling 95 shares during the period. Evernest Financial Advisors LLC’s holdings in Invesco QQQ were worth $1,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter worth $36,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $57,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $567.32 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63. The firm has a 50-day moving average of $546.86 and a 200 day moving average of $511.70.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.