Evercore Wealth Management LLC Purchases 834 Shares of Invesco QQQ $QQQ

Evercore Wealth Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,603 shares of the exchange traded fund’s stock after purchasing an additional 834 shares during the quarter. Evercore Wealth Management LLC’s holdings in Invesco QQQ were worth $5,543,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QQQ. Corient Private Wealth LLC raised its position in shares of Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Bank of America Corp DE boosted its holdings in Invesco QQQ by 381.0% in the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after buying an additional 26,505,055 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Invesco QQQ by 11.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after buying an additional 375,581 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Invesco QQQ by 21.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock worth $1,858,288,000 after buying an additional 534,000 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. raised its holdings in Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after acquiring an additional 712,026 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $682.23 on Tuesday. The business’s 50 day moving average is $718.39 and its 200 day moving average is $656.64. Invesco QQQ has a 12-month low of $551.68 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Technical analysis cited QQQ bouncing from a support zone, while aggressive buying in Nvidia and optimism surrounding a potential massive OpenAI data-center project provided support for the fund’s AI- and semiconductor-heavy holdings. Aggressive Buying On Nvidia Backing Massive OpenAI Data Center And Trump Pausing Iran Attacks
• Neutral Sentiment: Fund reports describe QQQ as a passively managed ETF offering broad exposure to large-cap growth stocks. These reports provide portfolio context but do not identify a major new catalyst for the shares. Should Invesco QQQ Be on Your Investing Radar? Should Invesco QQQ Be on Your Investing Radar?
• Negative Sentiment: Commentary questioned whether QQQ’s growth is worth its opportunity cost, even though its valuation is not unusually high by the fund’s own historical standards. What Is the Growth in QQQ Actually Costing You?
• Negative Sentiment: Analysts warned that QQQ’s largest technology holdings are engaged in an AI capital-spending race, with rising investment, pressure on free cash flow and increasing competition in cloud services. Separate commentary said signs of an overstretched AI bubble are emerging. QQQ and Tech Earnings The AI Bubble Is Bigger Than Ever and the Cracks Are Starting to Show
• Negative Sentiment: Reports also highlighted potential Federal Reserve rate-hike risk and broader market warning signals, both of which could pressure high-growth technology valuations. The Next Fed Rate Hike May Be Coming Soon

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.