Wedmont Private Capital Acquires 4,882 Shares of Invesco QQQ $QQQ

Wedmont Private Capital increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,133 shares of the exchange traded fund’s stock after acquiring an additional 4,882 shares during the quarter. Invesco QQQ comprises about 0.6% of Wedmont Private Capital’s portfolio, making the stock its 28th largest 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 have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC increased its stake in Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Invesco QQQ by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after buying an additional 40,999,982 shares in the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $1,236,482,000. HRT Financial LP raised its position in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after buying an additional 1,704,600 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Invesco QQQ by 42.4% in the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after acquiring an additional 1,457,109 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $600.41 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock’s 50 day simple moving average is $613.62 and its two-hundred day simple moving average is $582.45.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.