Wedmont Private Capital Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Wedmont Private Capital grew its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,990 shares of the exchange traded fund’s stock after purchasing an additional 101 shares during the period. Invesco QQQ makes up approximately 0.6% of Wedmont Private Capital’s portfolio, making the stock its 29th biggest holding. Wedmont Private Capital’s holdings in Invesco QQQ were worth $7,956,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Bank Hapoalim BM grew its holdings in Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after buying an additional 4,549 shares during the period. Aviance Capital Partners LLC grew its stake in Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after buying an additional 1,033 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares during the period. VitalStone Financial LLC grew its holdings in Invesco QQQ by 302.0% during the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares in the last quarter. Finally, Scarborough Advisors LLC increased its position in shares of Invesco QQQ by 73.3% during the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock worth $492,000 after acquiring an additional 581 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ:QQQ traded up $0.89 during midday trading on Friday, reaching $482.36. The company had a trading volume of 16,009,820 shares, compared to its average volume of 41,326,770. Invesco QQQ has a one year low of $342.35 and a one year high of $486.86. The stock’s fifty day moving average price is $448.65 and its 200-day moving average price is $432.54.

Invesco QQQ Profile

(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.

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

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