GenTrust LLC Purchases 7,232 Shares of Invesco QQQ (NASDAQ:QQQ)

GenTrust LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,097 shares of the exchange traded fund’s stock after purchasing an additional 7,232 shares during the quarter. Invesco QQQ comprises about 2.0% of GenTrust LLC’s portfolio, making the stock its 11th biggest holding. GenTrust LLC’s holdings in Invesco QQQ were worth $46,572,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. raised its holdings in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC raised its holdings in Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after acquiring an additional 1,854 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in Invesco QQQ by 3.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 5,677 shares of the exchange traded fund’s stock valued at $2,772,000 after acquiring an additional 169 shares in the last quarter. Eagle Strategies LLC raised its holdings in Invesco QQQ by 8.9% in the 3rd quarter. Eagle Strategies LLC now owns 3,624 shares of the exchange traded fund’s stock valued at $1,769,000 after acquiring an additional 297 shares in the last quarter. Finally, Lodestar Private Asset Management LLC raised its holdings in Invesco QQQ by 1.0% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 71,654 shares of the exchange traded fund’s stock valued at $34,972,000 after acquiring an additional 689 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $514.56 on Thursday. The stock has a market capitalization of $324.30 billion, a PE ratio of 33.43 and a beta of 1.11. The business has a fifty day moving average price of $522.53 and a two-hundred day moving average price of $502.62. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.