Invesco QQQ (NASDAQ:QQQ) Stock Holdings Increased by Geneva Partners LLC

Geneva Partners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 635.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,827 shares of the exchange traded fund’s stock after buying an additional 5,035 shares during the period. Invesco QQQ comprises 1.3% of Geneva Partners LLC’s portfolio, making the stock its 28th largest 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 also recently made changes to their positions in the company. ZWJ Investment Counsel Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $437,000. Onyx Bridge Wealth Group LLC boosted its stake in Invesco QQQ by 2.2% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 50,274 shares of the exchange traded fund’s stock valued at $20,588,000 after acquiring an additional 1,088 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $895,000. Evolution Wealth Advisors LLC raised its position in shares of Invesco QQQ by 2.4% during the 4th quarter. Evolution Wealth Advisors LLC now owns 24,746 shares of the exchange traded fund’s stock worth $10,134,000 after purchasing an additional 582 shares during the period. Finally, Naples Money Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $693,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ traded down $8.76 during trading on Friday, reaching $414.65. 75,140,125 shares of the company were exchanged, compared to its average volume of 46,015,852. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The firm has a 50 day moving average of $437.60 and a 200 day moving average of $407.88.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.