Geneva Partners LLC Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Geneva Partners LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 635.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,827 shares of the exchange traded fund’s stock after acquiring an additional 5,035 shares during the period. Invesco QQQ comprises approximately 1.3% of Geneva Partners LLC’s investment portfolio, making the stock its 28th biggest position. Geneva Partners LLC’s holdings in Invesco QQQ were worth $2,386,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of QQQ. Barclays PLC raised its holdings in shares of Invesco QQQ by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Morgan Stanley boosted its stake in Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. Finally, Granite Bay Wealth Management LLC grew its holdings in shares of Invesco QQQ by 2,372.7% during the third quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock worth $298,345,000 after buying an additional 771,827 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ traded down $8.76 on Friday, reaching $414.65. 75,140,125 shares of the company’s stock were exchanged, compared to its average volume of 46,015,852. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The stock’s fifty day moving average price is $437.60 and its 200-day moving average price is $407.88.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.55%.

Invesco QQQ 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.