Genesee Capital Advisors LLC Buys 2,251 Shares of Invesco QQQ (NASDAQ:QQQ)

Genesee Capital Advisors LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,186 shares of the exchange traded fund's stock after buying an additional 2,251 shares during the quarter. Invesco QQQ accounts for 5.4% of Genesee Capital Advisors LLC's portfolio, making the stock its 3rd biggest holding. Genesee Capital Advisors LLC's holdings in Invesco QQQ were worth $11,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund's stock worth $2,379,676,000 after acquiring an additional 338,494 shares in the last quarter. Steel Grove Capital Advisors LLC grew its holdings in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund's stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco QQQ by 1.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund's stock valued at $1,532,904,000 after buying an additional 33,790 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund's stock worth $13,307,000 after buying an additional 2,762,571 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund's stock worth $1,219,115,000 after buying an additional 64,401 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $0.95 during mid-day trading on Monday, hitting $495.42. 29,086,164 shares of the company's stock traded hands, compared to its average volume of 38,970,398. The firm's 50 day simple moving average is $477.68 and its 200 day simple moving average is $465.15. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.