Wedmont Private Capital Buys 718 Shares of Invesco QQQ (NASDAQ:QQQ)

Wedmont Private Capital grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,708 shares of the exchange traded fund’s stock after acquiring an additional 718 shares during the period. Invesco QQQ accounts for approximately 0.6% of Wedmont Private Capital’s investment portfolio, making the stock its 29th biggest holding. Wedmont Private Capital’s holdings in Invesco QQQ were worth $9,257,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in QQQ. Atwater Malick LLC purchased a new position in Invesco QQQ in the first quarter valued at about $293,000. Westwood Holdings Group Inc. lifted its holdings in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the last quarter. Aviance Capital Partners LLC grew its position in Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 1,033 shares in the last quarter. GenWealth Group Inc. increased its stake in Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after acquiring an additional 2,325 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after purchasing an additional 11,013 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 2.3 %

QQQ traded up $10.50 during trading on Tuesday, hitting $461.88. 25,605,191 shares of the stock traded hands, compared to its average volume of 41,014,082. The firm has a 50-day moving average of $473.75 and a 200 day moving average of $450.67. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.66%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.