Evergreen Capital Management LLC Sells 601 Shares of Invesco QQQ $QQQ

Key Points

• Evergreen Capital Management LLC reduced its stake in Invesco QQQ by 1.8%, selling 601 shares and holding a total of 32,917 shares valued at approximately $15.5 million.
• Institutional investors collectively own 44.58% of Invesco QQQ, with new positions and significant increases from firms like Alpine Bank Wealth Management and Atlantic Private Wealth LLC.
• Invesco QQQ shares opened at $577.08, with a 12-month range between $402.39 and $583.32, and the fund recently declared a quarterly dividend yielding 0.4%.

Evergreen Capital Management LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,917 shares of the exchange traded fund's stock after selling 601 shares during the period. Evergreen Capital Management LLC's holdings in Invesco QQQ were worth $15,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in Invesco QQQ during the first quarter valued at $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the first quarter valued at about $51,000. Banque Transatlantique SA purchased a new position in shares of Invesco QQQ in the fourth quarter valued at about $57,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6%

Shares of QQQ stock opened at $577.08 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32. The stock's 50-day moving average price is $561.37 and its 200-day moving average price is $517.09.

Invesco QQQ Cuts Dividend

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

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.

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