Wedmont Private Capital Boosts Position in Invesco QQQ $QQQ

Wedmont Private Capital lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 23.0% during the third quarter, HoldingsChannel.com reports. The fund owned 26,133 shares of the exchange traded fund’s stock after buying an additional 4,882 shares during the quarter. Invesco QQQ makes up approximately 0.6% of Wedmont Private Capital’s investment portfolio, making the stock its 28th biggest holding. Wedmont Private Capital’s holdings in Invesco QQQ were worth $15,798,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Moulton Wealth Management Inc. increased its stake in shares of Invesco QQQ by 19.0% during the third quarter. Moulton Wealth Management Inc. now owns 1,989 shares of the exchange traded fund’s stock valued at $1,194,000 after buying an additional 317 shares during the period. Chesley Taft & Associates LLC lifted its position in shares of Invesco QQQ by 1.4% in the 3rd quarter. Chesley Taft & Associates LLC now owns 1,491 shares of the exchange traded fund’s stock worth $895,000 after purchasing an additional 20 shares during the period. Ignite Planners LLC boosted its stake in shares of Invesco QQQ by 0.7% during the third quarter. Ignite Planners LLC now owns 8,202 shares of the exchange traded fund’s stock valued at $4,924,000 after purchasing an additional 53 shares in the last quarter. Towerpoint Wealth LLC increased its holdings in Invesco QQQ by 13.8% during the third quarter. Towerpoint Wealth LLC now owns 1,288 shares of the exchange traded fund’s stock valued at $773,000 after buying an additional 156 shares during the period. Finally, Country Club Bank lifted its holdings in Invesco QQQ by 266.1% during the third quarter. Country Club Bank now owns 12,044 shares of the exchange traded fund’s stock worth $7,211,000 after buying an additional 8,754 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.9%

Shares of NASDAQ:QQQ opened at $600.41 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business’s fifty day simple moving average is $613.62 and its 200-day simple moving average is $582.45.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.