EverSource Wealth Advisors LLC Buys 1,282 Shares of Invesco QQQ $QQQ

EverSource Wealth Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,875 shares of the exchange traded fund’s stock after acquiring an additional 1,282 shares during the period. EverSource Wealth Advisors LLC’s holdings in Invesco QQQ were worth $16,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sovran Advisors LLC increased its stake in shares of Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares during the period. Corepath Wealth Partners LLC grew its stake in shares of Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after purchasing an additional 1,436 shares during the period. Strengthening Families & Communities LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth $10,771,000. Cane Capital Partners LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $715,000. Finally, Coyle Financial Counsel LLC grew its stake in shares of Invesco QQQ by 4.9% during the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after purchasing an additional 2,035 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4%

Shares of Invesco QQQ stock opened at $717.54 on Friday. Invesco QQQ has a 12 month low of $505.58 and a 12 month high of $722.12. The business has a fifty day simple moving average of $638.80 and a 200 day simple moving average of $623.07.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Nvidia’s buybacks, dividend increase, and AI growth are putting Nasdaq-heavy ETFs like QQQ in focus, reinforcing demand for large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
• Positive Sentiment: Semiconductor strength remains a tailwind for QQQ, as the sector’s long-running rally continues to support growth-oriented technology indexes. Is the VanEck Semiconductor ETF the Right ETF to Own as We Head Into June?
• Neutral Sentiment: Some market commentary suggests ETFs are increasingly dominating trading flows, but the article is more thematic than a direct driver for QQQ today. ETF Zoo: Why Rebalancing Killed the ARK Star
• Negative Sentiment: Earlier market coverage pointed to mixed ETF performance and a pullback in U.S. equities, which can weigh on QQQ when traders rotate out of growth stocks. Exchange-Traded Funds Mixed, US Equities Decline After Midday

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.