Wedmont Private Capital Buys 1,865 Shares of Invesco QQQ $QQQ

Key Points

• Wedmont Private Capital has increased its stake in Invesco QQQ by 9.6%, acquiring an additional 1,865 shares during the second quarter, bringing its total holdings to 21,251 shares valued at approximately $11.8 million.
• Invesco QQQ recently paid a quarterly dividend of $0.5911, marking an annualized dividend of $2.36, which corresponds to a yield of 0.4%.
• The stock's 1-year performance shows significant volatility, with a low of $402.39 and a high of $592.86, currently opening at $590.00.

Wedmont Private Capital boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,251 shares of the exchange traded fund's stock after buying an additional 1,865 shares during the period. Wedmont Private Capital's holdings in Invesco QQQ were worth $11,821,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of QQQ. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $11,247,000. White Knight Strategic Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 99.4% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 1,428 shares of the exchange traded fund's stock valued at $730,000 after purchasing an additional 712 shares during the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of Invesco QQQ by 1.1% in the fourth quarter. Continuum Advisory LLC now owns 30,400 shares of the exchange traded fund's stock valued at $15,541,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $4.03 on Friday, hitting $599.35. The stock had a trading volume of 58,129,765 shares, compared to its average volume of 47,115,312. The business has a 50 day moving average of $572.19 and a 200 day moving average of $523.77. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $600.05.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.