14,066 Shares in Invesco QQQ Trust (NASDAQ:QQQ) Purchased by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC purchased a new stake in Invesco QQQ Trust (NASDAQ:QQQ) in the 3rd quarter, Holdings Channel reports. The firm purchased 14,066 shares of the exchange traded fund’s stock, valued at approximately $5,035,000. Invesco QQQ Trust makes up 2.5% of Genesee Capital Advisors LLC’s portfolio, making the stock its 9th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in Invesco QQQ Trust by 1.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,279,780 shares of the exchange traded fund’s stock valued at $2,580,173,000 after buying an additional 124,445 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Invesco QQQ Trust by 4.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,724,033 shares of the exchange traded fund’s stock valued at $1,674,341,000 after purchasing an additional 186,379 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco QQQ Trust by 439.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,623,255 shares of the exchange traded fund’s stock valued at $1,284,190,000 after purchasing an additional 2,951,685 shares in the last quarter. Natixis lifted its stake in shares of Invesco QQQ Trust by 23.6% in the 2nd quarter. Natixis now owns 2,580,574 shares of the exchange traded fund’s stock valued at $914,761,000 after purchasing an additional 492,359 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Invesco QQQ Trust by 1.1% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,356,805 shares of the exchange traded fund’s stock valued at $656,953,000 after purchasing an additional 25,705 shares in the last quarter. Institutional investors own 42.04% of the company’s stock.

NASDAQ QQQ opened at $398.76 on Thursday. The business’s 50-day simple moving average is $378.40 and its 200-day simple moving average is $363.38. Invesco QQQ Trust has a 1-year low of $294.59 and a 1-year high of $408.71.

The business also recently declared a quarterly dividend, which was paid on Friday, October 29th. Investors of record on Tuesday, September 21st were given a dividend of $0.414 per share. The ex-dividend date of this dividend was Monday, September 20th. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a yield of 0.42%.

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.

See Also: FTSE 100 Index

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

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