Evolution Wealth Advisors LLC Has $21.89 Million Position in Invesco QQQ Trust (NASDAQ:QQQ)

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Evolution Wealth Advisors LLC lifted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 49.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,783 shares of the exchange traded fund’s stock after acquiring an additional 26,007 shares during the period. Invesco QQQ Trust makes up about 6.0% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Evolution Wealth Advisors LLC’s holdings in Invesco QQQ Trust were worth $21,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Frisch Financial Group Inc. boosted its holdings in Invesco QQQ Trust by 0.8% during the second quarter. Frisch Financial Group Inc. now owns 4,759 shares of the exchange traded fund’s stock worth $1,178,000 after purchasing an additional 37 shares during the last quarter. Key Financial Inc boosted its holdings in Invesco QQQ Trust by 2.9% during the second quarter. Key Financial Inc now owns 1,403 shares of the exchange traded fund’s stock worth $341,000 after purchasing an additional 39 shares during the last quarter. Parsons Capital Management Inc. RI boosted its holdings in Invesco QQQ Trust by 0.9% during the second quarter. Parsons Capital Management Inc. RI now owns 5,205 shares of the exchange traded fund’s stock worth $1,289,000 after purchasing an additional 45 shares during the last quarter. Integer Wealth Advisors Group LLC boosted its holdings in Invesco QQQ Trust by 0.6% during the second quarter. Integer Wealth Advisors Group LLC now owns 7,616 shares of the exchange traded fund’s stock worth $1,997,000 after purchasing an additional 47 shares during the last quarter. Finally, PBMares Wealth Management LLC boosted its holdings in Invesco QQQ Trust by 2.7% during the second quarter. PBMares Wealth Management LLC now owns 1,840 shares of the exchange traded fund’s stock worth $456,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 42.99% of the company’s stock.

Separately, ValuEngine cut shares of Invesco QQQ Trust from a “hold” rating to a “sell” rating in a research note on Thursday, July 2nd.

Shares of QQQ opened at $288.51 on Friday. Invesco QQQ Trust has a fifty-two week low of $164.93 and a fifty-two week high of $303.50. The company’s 50-day moving average is $279.70 and its 200-day moving average is $249.24.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, September 21st.

Invesco QQQ Trust 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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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