Invesco QQQ $QQQ Shares Sold by Wedmont Private Capital

Wedmont Private Capital decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,895 shares of the exchange traded fund’s stock after selling 1,086 shares during the period. Invesco QQQ makes up 0.7% of Wedmont Private Capital’s portfolio, making the stock its 22nd biggest holding. Wedmont Private Capital’s holdings in Invesco QQQ were worth $26,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kintra Wealth LLC lifted its stake in Invesco QQQ by 8.0% during the second quarter. Kintra Wealth LLC now owns 45,145 shares of the exchange traded fund’s stock valued at $33,050,000 after purchasing an additional 3,336 shares during the last quarter. Morling Financial Advisors LLC grew its position in Invesco QQQ by 4.4% in the second quarter. Morling Financial Advisors LLC now owns 376 shares of the exchange traded fund’s stock worth $277,000 after buying an additional 16 shares during the last quarter. PCG Wealth Advisors LLC grew its position in Invesco QQQ by 0.8% in the second quarter. PCG Wealth Advisors LLC now owns 3,731 shares of the exchange traded fund’s stock worth $2,747,000 after buying an additional 28 shares during the last quarter. SFG Wealth Management LLC. increased its holdings in shares of Invesco QQQ by 10.5% in the second quarter. SFG Wealth Management LLC. now owns 2,629 shares of the exchange traded fund’s stock valued at $1,936,000 after buying an additional 249 shares in the last quarter. Finally, Nilsine Partners LLC increased its holdings in shares of Invesco QQQ by 2.9% in the second quarter. Nilsine Partners LLC now owns 3,042 shares of the exchange traded fund’s stock valued at $2,240,000 after buying an additional 86 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $718.96 on Monday. The stock has a fifty day moving average of $711.26 and a 200-day moving average of $675.80. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The business also recently announced 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. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd.

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About Invesco QQQ

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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