Evercore Wealth Management LLC Has $5.35 Million Position in Invesco QQQ (NASDAQ:QQQ)

Evercore Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,470 shares of the exchange traded fund’s stock after buying an additional 335 shares during the quarter. Evercore Wealth Management LLC’s holdings in Invesco QQQ were worth $5,353,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Oxford Wealth Group LLC increased its holdings in shares of Invesco QQQ by 233.8% during the fourth quarter. Oxford Wealth Group LLC now owns 24,562 shares of the exchange traded fund’s stock worth $12,557,000 after purchasing an additional 17,204 shares during the period. Price T Rowe Associates Inc. MD grew its position in Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock worth $1,124,614,000 after buying an additional 568,120 shares in the last quarter. Aldebaran Financial Inc. raised its holdings in Invesco QQQ by 1.4% in the 4th quarter. Aldebaran Financial Inc. now owns 2,732 shares of the exchange traded fund’s stock valued at $1,409,000 after acquiring an additional 39 shares in the last quarter. Susquehanna Advisors Group Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $344,530,000. Finally, Fayez Sarofim & Co lifted its position in shares of Invesco QQQ by 88.6% during the 4th quarter. Fayez Sarofim & Co now owns 9,399 shares of the exchange traded fund’s stock valued at $4,805,000 after acquiring an additional 4,415 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $444.48 on Wednesday. The stock has a market capitalization of $284.42 billion, a P/E ratio of 28.58 and a beta of 1.11. The stock’s fifty day moving average is $478.81 and its 200 day moving average is $500.56. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.