Evoke Wealth LLC Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Evoke Wealth LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,295 shares of the exchange traded fund’s stock after selling 1,164 shares during the quarter. Evoke Wealth LLC’s holdings in Invesco QQQ were worth $9,353,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Horizon Investments LLC boosted its holdings in shares of Invesco QQQ by 266.7% in the 4th quarter. Horizon Investments LLC now owns 1,012 shares of the exchange traded fund’s stock valued at $517,000 after buying an additional 736 shares in the last quarter. Carlson Capital Management lifted its position in Invesco QQQ by 10.9% during the fourth quarter. Carlson Capital Management now owns 1,860 shares of the exchange traded fund’s stock valued at $951,000 after acquiring an additional 183 shares during the last quarter. Clarity Wealth Development LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $397,000. PDS Planning Inc grew its holdings in Invesco QQQ by 18.9% in the fourth quarter. PDS Planning Inc now owns 2,247 shares of the exchange traded fund’s stock worth $1,149,000 after purchasing an additional 357 shares during the last quarter. Finally, Kensington Investment Counsel LLC increased its position in shares of Invesco QQQ by 21.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 6,381 shares of the exchange traded fund’s stock worth $3,262,000 after purchasing an additional 1,127 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.6 %

Shares of QQQ opened at $482.77 on Tuesday. The firm has a market cap of $304.27 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a fifty day moving average price of $514.05 and a 200-day moving average price of $504.16.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 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.