Wedmont Private Capital Sells 3,762 Shares of Invesco QQQ (NASDAQ:QQQ)

Wedmont Private Capital trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,086 shares of the exchange traded fund's stock after selling 3,762 shares during the quarter. Wedmont Private Capital's holdings in Invesco QQQ were worth $7,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westmount Partners LLC lifted its stake in Invesco QQQ by 2.1% in the fourth quarter. Westmount Partners LLC now owns 8,242 shares of the exchange traded fund's stock valued at $4,213,000 after buying an additional 167 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Invesco QQQ by 3.3% during the fourth quarter. Salem Investment Counselors Inc. now owns 5,819 shares of the exchange traded fund's stock worth $2,975,000 after acquiring an additional 186 shares during the period. Fragasso Financial Advisors Inc lifted its position in Invesco QQQ by 1.6% in the 4th quarter. Fragasso Financial Advisors Inc now owns 2,141 shares of the exchange traded fund's stock valued at $1,095,000 after acquiring an additional 34 shares in the last quarter. HFG Wealth Management LLC boosted its stake in Invesco QQQ by 5.5% in the 4th quarter. HFG Wealth Management LLC now owns 1,964 shares of the exchange traded fund's stock worth $959,000 after purchasing an additional 103 shares during the period. Finally, Thomasville National Bank boosted its stake in Invesco QQQ by 27.9% in the 4th quarter. Thomasville National Bank now owns 765 shares of the exchange traded fund's stock worth $391,000 after purchasing an additional 167 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ traded down $1.63 on Monday, hitting $505.56. 31,317,854 shares of the company were exchanged, compared to its average volume of 34,407,598. The stock's fifty day moving average is $515.32 and its 200-day moving average is $491.29. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.