Genesee Capital Advisors LLC Has $3.86 Million Stake in Invesco QQQ Trust (NASDAQ:QQQ)

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Genesee Capital Advisors LLC increased its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,468 shares of the exchange traded fund’s stock after buying an additional 666 shares during the quarter. Invesco QQQ Trust comprises approximately 3.6% of Genesee Capital Advisors LLC’s holdings, making the stock its 6th largest position. Genesee Capital Advisors LLC’s holdings in Invesco QQQ Trust were worth $3,864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fusion Family Wealth LLC grew its stake in shares of Invesco QQQ Trust by 6.2% in the second quarter. Fusion Family Wealth LLC now owns 135,970 shares of the exchange traded fund’s stock worth $25,391,000 after purchasing an additional 7,993 shares in the last quarter. Certified Advisory Corp grew its stake in shares of Invesco QQQ Trust by 5.8% in the second quarter. Certified Advisory Corp now owns 11,484 shares of the exchange traded fund’s stock worth $2,144,000 after purchasing an additional 633 shares in the last quarter. Wealthstreet Investment Advisors LLC grew its stake in shares of Invesco QQQ Trust by 2.5% in the second quarter. Wealthstreet Investment Advisors LLC now owns 47,905 shares of the exchange traded fund’s stock worth $8,946,000 after purchasing an additional 1,153 shares in the last quarter. TIAA FSB lifted its holdings in shares of Invesco QQQ Trust by 3.4% in the third quarter. TIAA FSB now owns 35,929 shares of the exchange traded fund’s stock valued at $6,783,000 after buying an additional 1,166 shares during the period. Finally, Brio Consultants LLC lifted its holdings in shares of Invesco QQQ Trust by 16.0% in the second quarter. Brio Consultants LLC now owns 1,737 shares of the exchange traded fund’s stock valued at $324,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 45.92% of the company’s stock.

Shares of Invesco QQQ Trust stock traded up $2.51 during trading on Tuesday, hitting $193.61. The stock had a trading volume of 18,595,639 shares, compared to its average volume of 31,068,122. The business has a fifty day moving average of $189.03 and a two-hundred day moving average of $186.72. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $195.55.

The company also recently disclosed a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, September 24th will be issued a $0.3842 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a dividend yield of 0.8%.

Invesco QQQ Trust 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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).

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

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