Genesee Capital Advisors LLC Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Genesee Capital Advisors LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 23.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,661 shares of the exchange traded fund’s stock after selling 5,525 shares during the period. Invesco QQQ makes up approximately 4.2% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Genesee Capital Advisors LLC’s holdings in Invesco QQQ were worth $9,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Denver Wealth Management Inc. boosted its position in shares of Invesco QQQ by 1.2% during the 4th quarter. Denver Wealth Management Inc. now owns 5,740 shares of the exchange traded fund’s stock valued at $2,934,000 after acquiring an additional 66 shares during the last quarter. BSW Wealth Partners increased its position in shares of Invesco QQQ by 16.2% in the fourth quarter. BSW Wealth Partners now owns 3,593 shares of the exchange traded fund’s stock worth $1,837,000 after purchasing an additional 500 shares during the last quarter. Spectrum Planning & Advisory Services Inc. raised its stake in Invesco QQQ by 45.8% in the fourth quarter. Spectrum Planning & Advisory Services Inc. now owns 770 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 242 shares in the last quarter. Falcon Wealth Planning lifted its position in Invesco QQQ by 5.4% during the fourth quarter. Falcon Wealth Planning now owns 72,585 shares of the exchange traded fund’s stock valued at $37,108,000 after purchasing an additional 3,739 shares during the last quarter. Finally, Bensler LLC grew its stake in Invesco QQQ by 6.1% in the 4th quarter. Bensler LLC now owns 27,018 shares of the exchange traded fund’s stock worth $13,812,000 after buying an additional 1,560 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $520.83 on Thursday. The company’s fifty day moving average price is $518.51 and its 200-day moving average price is $493.56. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. 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.