Evergreen Wealth Solutions LLC Buys New Shares in Invesco QQQ $QQQ

Evergreen Wealth Solutions LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 832 shares of the exchange traded fund’s stock, valued at approximately $390,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Connective Capital Management LLC acquired a new position in Invesco QQQ in the first quarter valued at $27,135,000. Full Sail Capital LLC increased its stake in Invesco QQQ by 287.2% in the first quarter. Full Sail Capital LLC now owns 5,622 shares of the exchange traded fund’s stock valued at $2,636,000 after purchasing an additional 4,170 shares during the last quarter. Comerica Bank increased its stake in Invesco QQQ by 44.9% in the first quarter. Comerica Bank now owns 152,229 shares of the exchange traded fund’s stock valued at $71,384,000 after purchasing an additional 47,144 shares during the last quarter. Synovus Financial Corp increased its stake in Invesco QQQ by 2.7% in the first quarter. Synovus Financial Corp now owns 44,481 shares of the exchange traded fund’s stock valued at $20,861,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Oak Harvest Investment Services increased its stake in Invesco QQQ by 75.7% in the first quarter. Oak Harvest Investment Services now owns 1,232 shares of the exchange traded fund’s stock valued at $578,000 after purchasing an additional 531 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $571.97 on Monday. The stock has a 50-day moving average price of $557.92 and a two-hundred day moving average price of $515.64. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.