Invesco QQQ (NASDAQ:QQQ) Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,661 shares of the exchange traded fund's stock after selling 5,525 shares during the period. Invesco QQQ accounts for about 4.2% of Genesee Capital Advisors LLC's investment portfolio, making the stock its 4th biggest holding. Genesee Capital Advisors LLC's holdings in Invesco QQQ were worth $9,029,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake 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 buying an additional 2,059 shares during the period. Principal Financial Group Inc. raised 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 acquiring an additional 11,351 shares during the period. Socha Financial Group LLC lifted its holdings in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after purchasing an additional 2,171 shares during the last quarter. NRI Wealth Management LC bought a new position in Invesco QQQ during the fourth quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its holdings in shares of Invesco QQQ by 13.1% in 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 purchasing an additional 3,581 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $2.22 during mid-day trading on Thursday, reaching $523.05. 27,139,745 shares of the company were exchanged, compared to its average volume of 33,571,105. The company's 50-day simple moving average is $518.86 and its 200-day simple moving average is $493.75. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.