Invesco QQQ (NASDAQ:QQQ) Shares Sold by Wedmont Private Capital

Wedmont Private Capital lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 20.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,086 shares of the exchange traded fund’s stock after selling 3,762 shares during the period. Wedmont Private Capital’s holdings in Invesco QQQ were worth $7,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its stake in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares in the last quarter. Socha Financial Group LLC boosted its holdings in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the last quarter. NRI Wealth Management LC purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its holdings in shares of Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares during 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 down $3.30 during midday trading on Monday, hitting $503.89. The company’s stock had a trading volume of 21,526,343 shares, compared to its average volume of 32,898,152. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15. The business’s 50 day simple moving average is $514.92 and its 200 day simple moving average is $491.12.

Invesco QQQ Dividend Announcement

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

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.