Wedmont Private Capital Has $8.81 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Wedmont Private Capital grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 19,386 shares of the exchange traded fund's stock after acquiring an additional 4,300 shares during the quarter. Wedmont Private Capital's holdings in Invesco QQQ were worth $8,809,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QQQ. Perennial Advisors LLC grew its holdings in Invesco QQQ by 19.7% during the first quarter. Perennial Advisors LLC now owns 4,939 shares of the exchange traded fund's stock worth $2,316,000 after acquiring an additional 814 shares during the period. Sentinel Pension Advisors LLC increased its holdings in shares of Invesco QQQ by 7.8% in the first quarter. Sentinel Pension Advisors LLC now owns 3,167 shares of the exchange traded fund's stock valued at $1,485,000 after buying an additional 228 shares in the last quarter. LexAurum Advisors LLC increased its holdings in shares of Invesco QQQ by 0.3% in the first quarter. LexAurum Advisors LLC now owns 11,188 shares of the exchange traded fund's stock valued at $5,246,000 after buying an additional 39 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Invesco QQQ by 299.6% in the first quarter. Sivia Capital Partners LLC now owns 2,202 shares of the exchange traded fund's stock valued at $1,033,000 after buying an additional 1,651 shares in the last quarter. Finally, Lake Hills Wealth Management LLC increased its holdings in shares of Invesco QQQ by 406.1% in the first quarter. Lake Hills Wealth Management LLC now owns 16,738 shares of the exchange traded fund's stock valued at $7,849,000 after buying an additional 22,207 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $5.13 during trading on Friday, hitting $529.92. The company had a trading volume of 42,389,151 shares, compared to its average volume of 38,061,714. The company has a market cap of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The business's 50-day moving average is $483.20 and its 200 day moving average is $501.87.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.